Nationwide mutual fund operation leaving King of Prussia
Insurance giant Nationwide Financial will close its mutual fund office in King of Prussia by next January and transfer the 100 positions to the company's headquarters in Columbus, Ohio, a Nationwide spokesman said Friday.
Insurance giant Nationwide Financial will close its mutual fund office in King of Prussia by next January and transfer the 100 positions to the company's headquarters in Columbus, Ohio, a Nationwide spokesman said Friday.
Nationwide's King of Prussia employees were told Thursday that they would be given the opportunity to transfer to Columbus, the spokeman said.
Nationwide said its mutual fund operation has $60 billion under management. The company established a local presence in 1999, when it teamed with fund executive Paul J. Hondros to start Villanova Capital Management.
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