Our Asset Management Practice provides consultancy and retained search services to a variety of global and domestic investment businesses including institutions, endowments, foundations, hedge funds, wealth managers and family offices.
The Practice has an extensive track record in recruiting both individuals and teams across investment, distribution and business management. They also offer clients advice on management and leadership, remuneration, succession, integration and acquisition, benchmarking of performance and returns, competitive positioning and convergence.
Liz works on assignments in the Investment Banking and Asset Management Practices. Prior to joining Blackwood, Liz spent eleven years in investment banking, in particular Equity Sales. She read Modern Languages at Bristol University.
Martina is a Partner of Blackwood and advises institutional and alternative investment clients across all asset classes and functions. She conducts searches for senior leaders within investment, distribution and client relationship management, as well as advising on succession, compensation and retention. She has a particular expertise in moving and building teams. Prior to joining Blackwood, Martina worked at Goldman Sachs in London within the Equities Division, covering institutional accounts across Europe. She read Politics and Philosophy at Bristol University.
Harry is a Partner of Blackwood and advises on board searches and senior appointments across a variety of investment management clients with a particular focus on alternative investing. He has a particular expertise in team lift-outs and acquisition reviews, and has advised and worked closely with start-up investment firms ahead of launch. Prior to joining Blackwood, Harry worked within search focusing on investment management and corporate finance. He started his career as an Assistant Fund Manager at Smith & Williamson Investment Management. He read Theology and Anthropology at Durham University.
Our client manages c$55bn in Fixed Income, managing money for investors globally across asset classes and across the maturity spectrum.
Blackwood worked closely with the CIO and Head of Research to add senior credit resource to the team. A particular emphasis was placed on finding candidates who had experience of covering US high yield issuers to help develop their research capabilities in this area. The existing team had previously covered European credits in investment grade, high yield and selective emerging markets. Going forward the research team would be responsible for covering global credits across the investment spectrum.
This was a global search focused on buyside and sellside candidates. Candidates needed to have circa ten years’ experience either in high yield or looking across the investment spectrum.
Nine analysts were hired: five Global credit analysts and two US high yield analysts were appointed. Three candidates relocated from the US. In addition, two sovereign analysts were hired.
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Blackwood’s client is a ftse 100 international asset management company with over 200 years of experience in the world’s financial markets and with assets under management in the region of £200bn. The business was looking to strengthen their board with the appointment of an experienced individual who would join the Audit and Risk Committee.
Blackwood worked closely with the CEO and Chairman to clearly define the search criteria. The two key criteria were agreed as FTSE 100 CFO experience and a strong knowledge of the financial services sector. Other important factors were sufficient time and appetite to attend all Board meetings, in addition to undertaking other committee roles along with strong risk and audit credentials. It was also noted that the successful candidate needed to exhibit cultural sensitivity in order to fit into a well-established senior team.
We counselled our client that to limit the two key criteria to CFO in the FTSE 100 and financial services experience would result in a relatively small universe of candidates that had survived the financial crisis unscathed. As such, we agreed to widen the search to include other sectors and related backgrounds.
Blackwood appointed the former CFO of a FTSE 10 global energy business. This individual had been a top rated CFO of an international FTSE business for many years with a sound understanding of operating within highly regulated industries and a demonstrable track record of leading large scale transactions and projects across borders. Timing worked in our favour as the successful individual was just beginning to wind down from a busy executive schedule that would have precluded a time consuming non-executive director role. This was the first time this particular client had successfully used a search firm to place a member of their board.
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Annie is a Partner of Blackwood and advises investment management clients across all asset classes with a particular focus on institutional clients and allocators (endowments, pension funds and family offices). She has a particular expertise in advising on the build out of alternative strategies within institutional firms as well as cross-border hiring and relocations. Prior to joining Blackwood, Annie worked at Saxton Bampfylde Hever and focussed on search within the Consumer and Education sectors. She read Sociology and Law at Durham University.
Nora works on assignments across all practice areas. Prior to joining Blackwood, Nora worked in marketing at Condé Nast in New York. She read International Relations at Brown University.
Our client is a global asset manager with more than £430bn AUM. In a revamp of their active equity business they developed an absolute return large cap global multi-asset product. The fund has a bias towards global equities and investments have a 3-5 year investment horizon. It is a high-conviction long-only portfolio that takes sizeable stakes in companies and works closely with management.
Blackwood worked closely with the Head of Global Equities. This was a new team build (of 10 people) and the desire was to find candidates from the following candidate pools: consultants, private equity investors, public market investors and individuals from industry. The experience ranges was 5 to 15 years of experience.
Our ‘One P&L’ approach differentiates us from our competitors and in this instance enabled us to capitalise on the knowledge and experience of colleagues across all sectors, including private equity, consulting, investment banking and the corporate world. The search later extended to include candidates with existing public markets investing experience.
The first stage of the process was to provide a map of potential candidates looking to move from the above sectors into public markets. The focus was less on background and more seeking to identify candidates with an independent mind-set combined with a strong fundamental, deep-dive and analytical skill-set.
The second stage of the process was to provide a map of existing public market investors with experience of investing in such a highly concentrated way. Additionally, candidates needed to have strong communication skills to support the head of the team in marketing the fund.
A mix of global analysts and portfolio managers were hired. One candidate relocated from New York.
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Joel works on assignments across all practice areas. Prior to joining Blackwood, he worked at a specialised executive search firm focussing on placing individuals into C-level strategy and business development roles within Europe. He read Politics, Philosophy and Economics at Durham University.
Our client is a leading investment management company with a strong presence in Asian and emerging markets equities and managed global fixed interest, credit and short term investment strategies, as well as multi-asset solutions. They wanted to complement this by establishing an Emerging Market Debt (EMD) investment team.
Blackwood worked closely with the CEO and, later, Head of EMD to build a team to focus on hard and local currency markets as well as corporate debt.
The first stage of the process was to provide a map of the global EMD universe, in order to help our client understand the competitive landscape; who was growing assets, how competitors structured their teams and importantly who the potential candidates in each team might be.
The second phase of the search focused on candidates with significant experience in local and hard currency markets as well as corporate debt. Additionally, candidates needed to have strong communication skills to support the head of the team in marketing the funds.
A team of five was hired; two fund managers to focus on hard currency sovereign debt, a local currency fund manager, a senior corporate debt analyst and a senior sovereign analyst. Two candidates relocated from Continental Europe to the UK.
Sebastian works on assignments in the Financial Services Practices. Prior to joining Blackwood, Sebastian worked at a boutique recruitment firm with a focus on distressed and special situations investment strategies. He began his career in clinical and forensic science, and additionally spent time working in investor relations for biotechnology companies. He read Biochemistry at Bristol University.
A successful listed asset management company, with $50bn AUM and which had grown rapidly, needed to add experienced professionals to its distribution team and wanted to create a client portfolio manager role for the first time.
Blackwood worked closely with the Global Head of Distribution and Head of HR to enhance the distribution function of this successful and rapidly growing boutique investment business. The search included a Head of Wholesale Sales for Europe, a Global Head of Client Relationship Management and a team of product specialists/client portfolio managers.
Blackwood provided full maps of the competitive landscape as well as interesting lateral candidate ideas. The search universe was global and one candidate was relocated from Brazil to London. Another will spend 50% of their time in the USA.
Blackwood successfully hired in all roles and added three individuals to the newly created client portfolio management roles.
Will works on assignments in the Investment Management Practice including advising long-only funds, hedge funds, family offices and pension funds. He has particular expertise in equities. Prior to joining Blackwood, Will worked at a specialist executive search firm within the equities team. He read English Literature and Philosophy at Leeds University.
Lewis works on assignments across all practice areas. Prior to joining Blackwood, Lewis worked at a global executive search firm, focusing on energy & commodity trading. He read Chemistry at Sussex University.
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