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Global Asset Management
Personnel
The number of employees was 3,861 on 30 June 2008, down by 1% from 3,901 on 31 March 2008. The main reductions in headcount were in logistics. The decrease was partly offset by increases in global real estate and in alternative and quantitative investments, reflecting the continued growth of these businesses. Further reductions as part of a continuing efficiency program are likely to continue in second half 2008.
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