Article: Commodity Sector Faces Exodus of Expertise

LONDON (Reuters) - An exodus of expertise from the natural resources sector following the collapse in commodities prices mean banks and industry could face a shortage of seasoned professionals when demand eventually recovers.

Recruitment agencies think the headcount in commodity divisions within banks and producers could eventually plunge by between 10% and 20%.

Bonus and salary cuts also mean some people will head for the world of fund management, which is still looking for commodity experience, while many others will leave the sector, probably for good.

"People will leave an industry that is already short of experience, we've seen this before, it's cyclical," said Jakob Bloch, managing ...

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