Committees wanting broad pools hire proven sitting CIOs 80% of the time
David Barrett · David Barrett – Searching for Leaders (Capital Allocators, EP.26) · Sep 25, 2017 · at 37:14
Executive recruiter David Barrett speaks with Ted Seides about search committee behavior and risk aversion when hiring Chief Investment Officers (CIOs).
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“80% of the time, the search committee will say, we want to, like, broad brush. We want to see everybody in all the different buckets. You get down to the finish line, oh, we got a sitting CIO who's going to, done this for five years, proven track record, and I can sleep at night because we've brought in a proven player. 80% of the time, that's the way they'll go.”
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