Prop Traders Moving To Asset Management

03 Apr 2012

Investment banks have been reassigning proprietary traders to their asset-management operations ahead of regulations that go into effect in July that would bar such activity.

Investment banks have been reassigning proprietary traders to their asset-management operations ahead of regulations that go into effect in July that would bar such activity. JPMorgan Chase, UBS and Citigroup are among those banks that have made such moves.

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