Also Nico M. out as CEO replaced by the former Legg Mason CEO... (Now it will be interesting as he starts to shape the business in his vision and cronies)
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@tgq I agree, there are still 1300+ staff managing 600+B AUM, they will definitely be "pruning the hedges" coming. I hope the PE owners have compassion when it comes to that.
Rebranded name does not stand out as a huge market player against the BlackRocks and the Vanguards of the industry. There is going to be an uphill climb to get new company name recognition out there without the Wells Fargo brand that was attached.
Good luck to all, especially during the pandemic and another Delta variant mixed into things.
Any insiders heard anything different?