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"It formed its conclusions on the presumption of effective process management, operation and regulation," said Medact.
He also pointed to significant cuts at its advertising and account management operation.
Much of that came from lower revenue in the division's core institutional asset management operation.
HSBC's fastest-growing business last year was its retail banking and wealth management operation.
After graduation, he did a brief stint in Procter & Gamble's brand management operation, then went to Harvard for his M.B.A.
The Sprint Corporation said it would have pretax costs of as much as $475 million to close its Internet-site management operation and eliminate 500 jobs.
Similar(5)
(Brinson Partners is a money-management operation owned by UBS).
Its subscriber-management operation is a paragon of customer service that shames the cable companies.
IT IS, quite literally, a trillion-dollar question: how does a fund-management operation as big as Fidelity's go about handling so much money?
As well as having the biggest wealth-management operation on the planet, their Swiss bank was a force to be reckoned with in big-league investment banking.
Pooling the funds from non-life and life premiums under a single investment team should, in theory, allow a more efficient asset-management operation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com