Why are Single Family Offices hiring Chief Investment Officers?

Why are Single Family Offices hiring Chief Investment Officers and what are the challenges they are facing?

With the significant growth in family offices and the increase in their wealth, they are looking to bring in more investment talent. The challenges that they are facing are the lack of available talent and how to compete with the hedge funds and private equity funds from a compensation perspective.

The reasons that family offices are looking to hire more CIO’s and other “C” level executives is due to more complex issues that need to be addressed including: philanthropy, investments, succession planning, risk, technology issues, lack of leadership and governance.

There are numerous reasons why so many investment professionals prefer working at a family office vs hedge funds, private equity funds or financial institutions including the lack of pressure at a family office to raise capital and they have a larger time horizon.

The need for top shelf CIO’s is growing along with the need for other “C” level executives in family offices, as they continue to experience significant growth in their assets as well as new family offices that are being established.

For additional information on hiring for Family Offices, please contact: Michael Rosenblatt, President of FON Search and The Quest Organization at: 212-971-0033 or via email at michael.rosenblatt@questorg.com