SEAMARK Asset Management 1
In this multimedia case Bob Mckim CEO and CIO of Seamark Asset Management addresses and issue around his return to company after having left in 2005. Bob along with two other employees who had individually left Seamark, were asked to come back to the firm and manage it. This was circa 2012. In the interim period, or Seamark 2.0 as some people refer to it, there had been issues about investment performance. But more so there were concerns around the dysfunction of the management team. So one day at 4:30 p.m. in the afternoon, the owner of the company dismissed the equity team that managing the equity portfolios at Seamark. The next morning Bob and his two colleagues came in and sat in front of the remaining employees and had to deal with what they had inherited that morning. So they were faced with the challenge of what to do with the remaining employees and how to affect better performance? Visit casenet.ca for more free, open access decision focused video teaching cases from Acadia University.
Interviewee
Bob McKim
Company
Industry
Business Activity
SEAMARK Asset Management
Financial Asset Management
Financial and insurance activities
Headquarters
Halifax, Canada
Size
Small
Employees
Fewer than 25
Greater than $25 million
Yearly Revenue
Private Company
Type of Entity
Subject
Change Management
Level of Difficulty
Medium
Teaching Objectives
Learn about financial asset management industry
Keywords
Turnaround
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