Thursday, January 15, 2009

Lot's of movement in the smaller trust companies

After a round of socializing (read: gossiping), it appears that Amicorp went through a major senior reshuffle in HK.......then Credence Trust (part of the OIL group) did too in HK and Singapore and now Equity Trust too!

This seems to be a perpetual problem for these small players in that they inevitably lose all their good people, partly because of pay and stature, but overwhelming due to mismanagement.

Then again, these may be good times for these smaller players to beef up the team when the employment scene is a buyer's market......but alas they usually hire the wrong people because they are a poor judge of talent.

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