Friday, September 29, 2006

Trust Departments Redux

Messed up by mergers and sullied by "sales culture" consultants, corporate trustees haven't exactly been on a roll. Yet the need for educated stewardship and impartial investment management persists and grows. If corporate trustees didn't exist, we'd have to invent them.

So reinvent them we do, in the form of new banks, new trust departments. If you're on I-95 north of NYC tomorrow, take the Darien, CT exit and drop in at the Grand Opening of the Darien Rowayton Bank.

Yes, the Darien Rowayton Bank comes complete with Trust Department, though that's a work in progress. For the next year or so, trust service will be provided by the good people at Tompkins Trust Company in Ithaca, NY.

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