One thing I’ve learned: culture matters when you’re doing M&A. —James Gorman
My client, a regional financial corporation with significant multi-state banking and investment operations, seeks to augment their outsourced, full-discretion, institutional, investment management capabilities through acquisitions, mergers, and creative partnerships.
In short, we’re looking for a few like-minded, ambitious, established OCIOs.
With global markets hitting record highs, our latest directory flush with providers, and related AUM over five trillion dollars, discretionary outsourcers of every persuasion are charging ahead pursuing prominence and place.
When Hirtle Callaghan, Commonfund, McMorgan & Company, and Strategic Investment Group hung their shingles the outsourced chief investment officer concept was fresh and intriguing, and the field was wide open. But times have changed.
Adding financial muscle, building distribution, enhancing investment capabilities, and developing bench strength – not to mention increasing career opportunities for staff, monetizing sweat equity, and preparing for succession – through a robust acquisition program is the only realistic way to endure and provide lasting client satisfaction.
If you want to be a leader in the OCIO business, there are only three ways to break from the herd: buy, sell, or merge.
—Charles Skorina
520-428-4180
