RECRUITMENT ROUNDTABLE
FOSTER – Skill sets are very much tied to
the position being applied for. In MENA
THE PANEL
fund management for example, people
© PETER BONO
with relationships or contacts in the
Middle East and North Africa will have an
advantage. Also, specifi c sector analysts MARC ESCHAUZIER
will be needed. Examples include oil and
Consultant
Spencer Stuart
gas analysts and, considering recent
Marc Eschauzier joined
changes in the market, fi nancial analysts.
Spencer Stuart’s Financial
Services Practice in 1993 and
MORRISSEY – Fund managers who can
leads the asset management
business in Europe. Prior to
deliver in good and bad times. Th ere is still joining Spencer Stuart, he
a lot of cash that hasn’t actually been put in
worked in a public practice
the markets over the last 18 months, so
for a major accounting fi rm,
before joining an
MORRISSEY – Th ere’s going to be new when we see some stability in the market, international search and
regulations so there’s still demand for good sales people will be in demand.
selection fi rm specialising in
appointments within the
supporting roles: risk control people, Demand for global equity analysts has
fi nance sector. He is a
lawyers, compliance. increased hugely. As the world has
graduate of the University
We have seen a big growth in the last become global in its issues, global equities
of Exeter.
couple of years in what are called ‘product have become very important.
specialists’ or ‘product champions’ who are
people that sit between the distribution AMANDA FOSTER
team and the fund management team. Where have you seen the greatest
Managing Director,
Financial Services
Th ey are technically minded and know decline in demand over the last 12
Russell Reynolds
how the portfolio is being managed. Th ey months?
Amanda Foster is a senior
eff ectively stand in for the fund manager, member of Russell
to give confi dence to the client base that ESCHAUZIER – Mainstream equity fund
Reynolds’ asset and wealth
management practice in
things are OK, to protect the asset base for managers and traditional long-only
London. She works with
the fund management groups. equity managers. Th ey are in demand in
many leading investment
the sense that people want the good ones,
management fi rms,
multi-managers, hedge
but there has been less hiring. funds, funds of hedge funds,
What are the skill sets that are most
endowments and family
highly in demand at present? FOSTER – Real estate is an obvious area
offi ces in their recruitment
of senior investment and
which has seen a decline in the last year. distribution talent.
ESCHAUZIER – Th ere is a need for people And very few hedge funds are hiring
with functional expertise: fi nancial, people right now. Also, there are less sales
compliance and risk. Also, liability-driven roles available on the business PATRICK MORRISSEY
asset management, liability solutions and development side.
Group Managing Director
Sheffi eld Haworth
asset allocation.We’ve noticed in the last
Patrick Morrissey has been
12 months a demand from pension funds MORRISSEY – We’ve seen declines in fi xed
with Sheffi eld Haworth
to build on their in-house investment income and leverage fi nance. Credit
since it was established,
expertise, be that through hiring a new portfolio managers and analysts have
following a successful career
in fund management with
chief investment offi cer, other in-house been in decline and UK growth funds Oppenheimer, Gartmore
fund managers or people who have good have not grown so they haven’t increased
and Hambros Bank. He is
manager selection experience. their head count.
responsible for supporting
the running of the entire
business as well as leading
the global wealth and asset
“Demand for global equity analysts has increased hugely.
management division.
As the world has become global in its issues, global equities
have become very important” Patrick Morrissey, Sheffi eld Haworth
WWW.CFAUK.ORG CAREERS GUIDE 2009 85
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