Investment management is coming of age and is requiring more management talent to run the business side, according to executive recruiters Russell Reynolds Associates. Based on its search activity in 1995, Russell Reynolds found investment organizations want more sophisticated financial management, human resources, information technology and other non-investment skills, said Richard Lannamann, managing director.
Staff functions rose to 11% of Russell Reynolds' searches in 1995 from 8% in 1994, while most other categories varied little.
``Demand is up substantially for a chief financial officer who can plot financial and business strategy, control costs, elucidate the economics of various components of the money management business and remain sensitive to the complexities of a people-intensive business,'' said Mr. Lannamann.
