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Article: What are you doing to keep talented money managers from leaving your bank?(three bank managers' strategies)
- Article from:
- American Banker
- Article date:
- April 28, 1995
- Author:
CopyrightCOPYRIGHT 1995 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Q: What are you doing to keep talented money managers from leaving your bank?
Call it the flight of the money managers. Recent departures of
investment pros from bank-affiliated asset management subsidiaries are giving fits to the bosses left behind.
Last month, Chase Manhattan Corp.'s mutual fund manager, Mark Tincher, quit to direct equity investments at PaineWebber Inc.'s mutual fund arm.
Republic National Bank of New York recently lost an entire team of money managers, headed by Michael D. Hirsch, to Freedom Capital Management, a Boston-based subsidiary of John Hancock.
Two weeks ago, three top executives at SunBank Capital ...