Having just received my letter from Hector Sants about the “regulatory transition”, I am again reminded of a wonderful old quote from Caius Peronius in AD66: “We trained very hard but it seemed that every time we were beginning to form up into teams, we would be reorganised. I was to learn later in life that we tend to meet any new situation by reorganising and a wonderful method it can be for creating the illusion of progress while producing confusion, inefficiency and demoralisation.”
Mark Bogar
Chief executive IFG Group
