Industry | 2009.10.19
Russell Reynolds Associates: Rebound in Optimism Outpaces Bottom Line Reality at Asset and Wealth Management Firms
NEW YORK--(BUSINESS WIRE)--The recent rebound in global financial markets has infused the asset and wealth management industry with a new sense of optimism, however, recent earnings will not be sufficient to offset the damage sustained during the first part of the year. As a result, the industry is in for some challenging conversations regarding year-end bonuses, given that forward-looking expectations are outpacing the current reality of the bottom line. For CEOs and boards at these firms, comm
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