The Trust Company has restructured its executive team and appointed Vicki Allen to oversee both its institutional and financial services divisions.
The executive general manager of financial services Eugene Quass has left the organisation as a result of the restructure.
A few redundancies have also been made in the support services unit following the sale of the firm's 50 per cent stake in BNY Trust Australia in June 2008.
The staff losses were in the group risk areas. However, the company is seeking to fill the recently-created position of head of risk and compliance.
The changes were a result of decisions made by the newly-appointed chief executive John Atkin, who was looking to streamline and restructure business processes, according to Allen.
Atkin was appointed to the firm in October 2008.
