Tom Secaur Discusses Service Provider Job Cuts with Ignites

Tom Secaur recently discussed Refiniv's announcement of job cuts with Ignites amidst headcount reduction in operations at various asset management firms in the past year. Fee compression and increased operational costs contribute to both firm and vendor layoffs, but Tom notes that these organizations are simultaneously increasing headcount in areas such as data and investing in new technology: "There's definitely a sea change going on."

For more of Tom's thoughts on new movements in the asset management industry, read the full article here.