Beth Rustin, Founding Partner at Jamesbeck, speaks with Nuveen's Margo Cook about the LEAD organization and its mission to help develop and retain women in the investment management industry. Listen here or check out the full transcript below. You can also listen on Spotify and more. Speakers: Beth Rustin, one of the founders of Jamesbeck, a boutique executive search firm focused on the investment management community Margo Cook, President of Nuveen Advisory Services Transcript: Beth Rustin Hello and good afternoon. My name is Beth Rustin and I'm a founding partner of Jamesbeck, a retainer-based executive search firm boutique that is a leader in mid- to senior-level investment management
Read About ItWe’ve turned the corner to a new year and a new decade, yet the market continues to validate the adage that change remains a constant across the investment management industry. There’s been much written on the importance of leadership and the skillset required to guide organizations through these turbulent times. But what about the qualities that companies are seeking in talent they may not have prioritized even a short five years ago? There’s no question that hiring today is a complex endeavor. There are so many factors at play -- whether it’s internal and external pressures of achieving a more
Read About ItThe asset management industry of today is complex and moving from a growth industry to one that is flat. This shift is due to a variety of challenges facing the industry as a whole. These headwinds include the move to passive investing, compression on fees, rising regulatory costs, the war for talent, macroeconomic factors, and the impact of technology, amongst others. Several of my industry contacts have likened these systemic changes to what has happened to the sell-side since the Global Financial Crisis. In this market, firms need to reconsider their approach to senior leadership positions. Historically, firms have tended to follow
Read About ItBack in the day, Bear Stearns required its Senior Managing Directors to donate at least 4% of their annual earnings to charities of their choosing. For a firm known for its rough-and-tumble culture, it seemed somewhat ironic, but I always found this to be a truly admirable policy and one which numerous not-for-profit organizations in New York and around the globe benefited from handsomely. As someone that recruited senior professionals to Bear Stearns for several years, I enjoyed revealing this directive to prospective senior-level candidates, many of whom viewed this requirement as a value they could unequivocally support. Unfortunately, when Bear fell
Read About ItUpgrading talent, a process that can be rife with challenges when an incumbent is in place, can yield outsized rewards for asset managers that are strategic about positioning themselves for the changing landscape over the next decade and beyond. Concerns about a market correction and the persistent headwinds facing the industry are compelling firms to consider all options, particularly for highly compensated roles. Those firms that can afford to be opportunistic will likely be beneficiaries as the market continues to bifurcate into winners and those struggling to survive. In 2019, we assisted several clients in accessing the market for alternatives
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