Out on a wing
UNHAPPY FACES at the Old Lady's birthday party. The Bank of England is dis- pensing with the services of its leading expert on the Far East. I would have thought that an area of some interest to the Bank, but now that it has scrapped its inter- national division, his knowledge is no longer required. Nor are the skills of the Bank's chief dealing manager in the finan- cial markets. The expert on the vagaries of financial law and (before that) on the byways of the international institutions will join them on the shelf. Their insight and experience do not fit into the modish reor- ganisation which has arranged the Bank into wings, as if it were a country house. Now its head-hunters are looking for a per- sonnel director, always a bad sign — worse if it turns out to be a Director of Human Resources, and worse still if Global. Fur- ther down the scale, there will be sits vac. for bright recruits. Some of the old hands must be tempted to give themselves a hair rinse and apply.
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