We are debating whether to have a Head of PMs or not. Someone that is sparring partner to PMs, but also improves the risk management process and takes over other executive tasks. I suppose this function may be more common at larger MMs or potentially LOs. Has anyone been in this fairly senior seat or been a PM under it? What was it like and did the seat add enough value?
| +23 | % of pods making 9 figures consistently? | 29 | 6h |
| +9 | Fastest Way to MMHF? | 4 | 8h |
| +6 | Bad PM | 1 | 1d |
| +6 | Credit HF Guys: How much do you think abt "value" | 7 | 1d |
| +4 | Amakor Capital - Who are these guys? | 2 | 3d |
| +3 | culture at citadel macro | 1 | 6d |
| +3 | 4 YOE in ER & 30 years old | 5 | 1d |
| +2 | 2+1 -> Start-up -> Publics? | 1 | 6d |
| +2 | Walleye SA 2027 | 3 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
I guess the situation is “Head of PMs / CIO” an equity holder or not, if not what is the longterm goal for the equity holders and how will this role achieve that plan.
I have worked in a situation where the role was not equity holder and any PM who created a sizeable business just leapfrogged them to talk to equity holders. The role is simply was reporting line to equity holders (or the true cio) and they spilt the risk management tasks to a “head of risk”. Recruitment and budgeting assistance was that role.
While another situation, that person was an equity holder and has basically the “3 to 5 year plan in mind”. That is a huge advantage, cause PMs know they have more skin in the game than anyone and can trust their judgement/guidance. Similarly their focus is on hiring good PMs, professional traders and seeing good behaviors not being a subject expert in everything.
Iste totam omnis sed reiciendis quia ea cum. Omnis dolorem beatae eos consectetur. Ipsum fugit qui quod ipsa accusantium. Natus ut cumque aut ut quasi.
Consequatur perspiciatis nulla est repellendus maiores nisi harum. Ipsum modi iusto ipsa sed nesciunt repellendus.
Ullam ipsa et ab consectetur ipsa laborum. Quibusdam perspiciatis sit veniam exercitationem illum officia. Mollitia laudantium inventore nulla sapiente rerum maxime.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...