Harden out as Citigroup Asset Management streamlines

The top spot in Japan is being localized and split off from the rest of the region.

Alan Harden, Tokyo-based managing director for Asia-Pacific at Citigroup Asset Management, has been squeezed out by cost-cutting as the firm looks to streamline its business. Although still with the firm, his CV is making the rounds in Japan as he may not find a suitable position within the organization, given the shrinking fund industry in America and Europe.

Harden ran the retail and high-net worth side of a business that covered Japan, Asia and Australia alongside a separate institutional business. He had joined the firm three years ago from Standard Chartered Bank, where he had run investment services now a part of its wealth management business.

Trying to manage Asia and Australia from Tokyo...

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