of the senior executive team had started at AssetOne. The
company also emphasised decision making at the top to
maintain better control and consistency.
The biggest concerns occurred in the investment fund
business where 20 of TaurusBank’s 60 fund managers were
lured away by competitors within the first year. Some left
for better opportunities. Six fund managers left with the
Ta u rus exe c u t i ve in charge of the investment fund
Two years later, AssetOne’s CEO admitted that the
acquisition of TaurusBank did not gain the opportunities
that they had originally hoped. AssetOne had more
business in this area, but many of the more talented people
in investment funds and online banking had left the
company. Overall, the merged company had not kept pace
with other innovative financial institutions in the market