Head of Trust Department

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Dec 9, 2007 8:28 pm

A buddy of mine mentioned today that the head of his bank's Trust Department was retiring and he "hoped the new guy does as good a job managing their money as the last."


I asked him what the head of a Trust Department does, and he said that they manage the investments inside the company's 401(k).


There's got to be more to the job. Does anyone know what this position entails?