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
business, who joined an investment company that
specialises in investment funds. Several employees left after
AssetOne executives insisted that all new investment funds
be approved by AssetOne’s executive group. Previously,
Taurus had given the investment fund division enough
freedom to launch new products without the approval of
the entire executive team.