Merian GI job losses expected amid restructure - reports

Will lead to 'loss of some very talented colleagues'

Merian Global Investors is set for job losses amid a business restructure, just two years after it was launched on the back of a private equity-backed buyout from Old Mutual, according to reports.

The firm, which employs 230 employees, declined to give a figure for the number of jobs at risk but chief executive Mark Gregory said the restructure comes amid "a very difficult market environment". GAM: Five ways to find opportunities in battered retail stocks In a statement seen by Reuters, Gregory -- who replaced founder Richard Buxton at the beginning of the year - said the decision has not been "taken lightly", but will mean "the loss of some very talented colleagues who have contributed significantly to the success of the business". Merian has seen assets fall heavily over t...