We worked with the Finance Director and the newly appointed head of the Investment Committee to create a specification for the role, focusing on investment strategy, monitoring and compliance, and reporting.
Our client’s core business was non-financial services: finding new ways for medical research to have greater patient impact.
The fund had recently received a very significant infusion of assets, propelling it into the top 10 endowments in the UK.
The board needed to hire a Chief Investment Officer to take lead executive responsibility for the development, monitoring and refinement of overall investment policy and strategy.
Speed was essential as the new monies had already been onboarded.
Since the Senior Management team were not investment specialists, they needed a trusted advisor who could help them define the new function and guide them through the hiring process.
Defining the Role and the Requirement, and Implementing the Hire
In our opinion Godliman’s team did a great job with our search for a Chief Investment Officer. They conducted very thorough research and provided an insightful evaluation of candidates on a strong short list which matched our requirements. We considered Godliman’s service to be excellent with significant personal attention to detail by Rupert Reed.
14
Within one month, Godliman delivered a ranked short list of 14 candidates based on overall Candidate Fit. From this we selected the top five for Client Interview, hosting a full day of panel interviews at our offices.
1
From this list, one candidate was appointed as CIO, and two further candidates were engaged on an advisory capacity to the Investment Committee.
<6 Months
Within six months an investment strategy had been agreed and implementation and deployment of the new monies had started.
A multi-year talent cultivation strategy that placed two ‘Star’ Fixed Income fund managers, contributing to a six-fold increase in AUM over a decade.
Building a five-person pan-European Private Credit team from scratch across London, Frankfurt and Paris, for a client with no prior illiquid debt capability.
Building a five-person Real Estate team to internalise a £2bn property portfolio, with Godliman’s advisory work helping to secure board approval for the project.
