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Bank glooms deepens as Goldmans axes 100 partners

Banks continue to bear the brunt of the global economic crisis with Goldman Sachs the latest to scale back its workforce.

According to the Sunday Times, the investment bank is to make 100 of its partners redundant. The news comes after a number of major investment banks, including Barclays, Deutsche, UBS and Credit Suisse have announced job cuts over the last few months.

The move by Goldmans would cut the number of partners on its books by 20% with the firm’s chief financial David Viniar among those being shown the exit door, according to the paper.

In its interim results Goldmans issued earlier this year Goldmans said it wanted to cut expenses by $1.5 billion to $2 billion.

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Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

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