NEW YORK - Human resource considerations should be paramount when investment companies consider going global, and yet usually, they are given the lowest priority, according to Sheryl Colyer, global head of human resources at Citigroup Asset Management of New York. Colyer spoke at the National Investment Company Service Association east coast regional meeting held here earlier this month. The priority given human resources could be decisive in a company's success or failure abroad, she said.
Staffing is one of the critical issues for a company when entering new markets, according to Colyer. A company's approach depends on whether it is expanding overseas by acquiring an existing company or by building ones own, new operation, she said. Citigroup has both formed several joint ventures and made acquisitions in Latin America while it has created its own operations in Asia.