There are no plans by BT Investment Management Ltd. to cut jobs, says chief executive Emilio Gonzalez.

“We have no plans in place on head count reduction,” says Gonzalez. “Different organisations will respond differently.”

BT Investment Management recognises that more investors are seeking income-generating investments, he says.

“We have one or two products for the retail market we are looking to launch,” says Gonzalez.

The $314 million acquisition of J O Hambro Capital Management is proceeding smoothly, he says, and just awaits approval from the U.S. Federal Reserve Board before the transaction can be closed.

“We expect approval to come through in the near future,” says Gonzalez.