Has anyone been let go in Warwick Court?
10 replies (most recent on top)
Ah London. Promises of flows like rivers of gold for over a decade.
Renewed curiosity given what’s happened at more senior levels. Agree with a lot of the comments but am more moderate. Yes a lot of the people seem to be second tier. Agree labour laws are a lot more labour favourable in UK and AUS compared to USA.
I know of at least two made redundant in that office.
@bg "everywhere else the staff are wildly incompetent and it’s obvious TRP gets the leftovers..."
That's a pretty broad brush -- probably too broad. There are some competent people in London (at least in the departments I have contact with) but also a whole bunch of human barnacles. But that's true in Baltimore as well.
The main thing I've noticed over the years is a general attitude in London: A thinly disguised contempt for the firm as just a plain vanilla U.S. no load fund family with only a marginal presence in Europe. Or maybe they just don't like Yanks.
Don't know which, but it doesn't exactly promote to a Puritan work ethic over there.
Yes
@an maybe on the tech side but everywhere else the staff are wildly incompetent and it’s obvious TRP gets the leftovers of folks who can’t get jobs at Goldman, UBS, or other well known global asset managers. Products owners who don’t know sh-t about data, marketing folks who can’t write and know nothing about investments, relationship managers who don’t know the products they’re selling, can’t answer simple client questions, and try to do things that are against policy or regulatory requirements, business analysts who have zero organizational or institutional knowledge.
@ah They've been trying to grow AUM in EMEA (with London as the base) for, I dunno, 25 years now? And the results have been close to zilch -- it's still only 5-6% of global assets. Every year they say it will get better. And it never does.
So, to that extent, any jobs associated with sales and marketing in London are "do nothing" jobs -- or at least "accomplish nothing."
Not to mention that the fact that the active performance of the firm's international strategies -- most of them based in London -- really su-ks. So there's not a whole lot of useful work being done there, either.
@ad I've been on calls with many Brits in the tech sector. None of that is true. Most are beyond excellent in cloud and modern technologies. That said, watch them be the first to go with this crew in charge.
@ad I would love an example of these so-called "do nothing" jobs youre going on about
They rarely ever make cuts in London and AUS because of labor laws. Which is ironic because there are a loooottt of do-nothing jobs there and people who are so incompetent that US or APAC counterparts need to fix/cover for them.