"It has a high level of intellectual variety, requires managing only one stakeholder, offers the ability to build something over many years, and to work closely with principals and family members over time. Working directly for a family requires an advisor dynamic unlike any other: "Trust is earned over time. You don't get to be a trusted advisor because you're CEO, you get to be a trusted advisor because you've done the hard yards over a number of years,""
"Just last month, Paul Reynolds, chief executive of well-known family office Thamesis Limited, said he was stepping down to pursue other ventures after sixteen years in the role. Cressida Myers has succeeded him. Myers was most recently at J.P. Morgan as head of sustainable portfolio management for the international private bank in London. Reynolds said Myers had plenty of competition."
Paul Reynolds stepped down as CEO of Thamesis after sixteen years and was succeeded by Cressida Myers, formerly head of sustainable portfolio management at J.P. Morgan. Family office leadership attracts strong competition because it combines intellectual variety, single-stakeholder accountability, the ability to build over many years, and close working relationships with principals and family members. Trust is earned through sustained service rather than title. Individual responsibilities are often straightforward but collectively complex due to many moving parts across clients' lives. Comparable vacancies are scarce, with perhaps one or two arising in London per year.
Read at Institutionalinvestor
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