Is an RFP role in Asset Management part of the Front Office?
Hey everyone!
I've recently gotten an offer from a KPO for a role in their RFP team for their Asset management clients. So the work will be to do with the buy side but my question is, firstly is the RFP team considered to be part of the 'front office'? and can this experience be used in the RFP teams that pitch deals in the sell side? (investment banks)
I'm currently serving my notice at a middle office role at an asset management firm (focusing on performance attribution/measurement)
So is a move to the RFP team a move to the front office (I understand the role is at a KPO, but can this be leveraged later to get a role in a buy side or sell side firm in the future?)
From my experience at an AM shop, RFP is still considered middle office but is better than performance & attribution.... I know a guy that went from performance & attribution to a PE firm but he got a CFA first. Nonetheless, better than where you were at and congrats on the move.
Thank you for your response and for the congratulating me :)
That certainly helps, good thing I'm also working towards my charter haha!
So can such a role be leveraged to enter the sell side? I hear people in DCM or ECM teams at investment banks who mostly pitch to clients also work with a lot of RFP's. SO Would such a role help in that process somewhere down the line? (Maybe after getting my masters?)
The simple answer is no - RFP teams are not considered front office. They are at best middle office - if not back office/operations. Consider that you are working for a firm that specializes in taking on operational/administrative type stuff from AM's that don't want to do it or can't for whatever reason. At least that's my interpretation of what you are saying.
Why did you leave your current AM Firm? I'm not clear on what you are trying to do - as you are jumping all over the place with IB, AM, sell side, buy side, etc.
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