Connected, experienced Managing Director helps global funds firm increase market share
A global funds and private client firm, with operations across several offshore jurisdictions and a growing funds practice, needed to replace their outbound Managing Director with a candidate who could hit the ground running.
The problem: replacing an outgoing MD with an experienced, savvy successor
The international firm’s Jersey office, with around 80 staff, has seen significant growth over recent years, particularly in the funds area. Desiring to continue this growth, and with no natural successor for a Managing Director who was moving on for personal reasons, the business needed to hire a new MD externally. To seamlessly take over the day to day running of the business, the ideal candidate needed to have prior experience in a similar role in the offshore world, and in Jersey.
The solution: a highly-targeted search for the best MD talent
Utilising extensive knowledge of the local market and a large network of contacts, Maven Partners’ in-house research staff in Jersey conducted a thorough search for leading MD talent in competitive businesses. This targeted approach yielded a strong shortlist of candidates from which a successful appointment was made.
The result: new Managing Director increases funds market share
The new hire came with a huge amount of offshore funds experience. This meant that not only was the transition between outgoing and incoming Managing Directors a smooth one, but that the new MD could almost immediately begin increasing the firm’s market share in the offshore funds space. This trend looks set to continue.