KORE Private Wealth (KPW) is seeking a Chief Investment Officer (CIO) in their New York, NY office. This is a newly created role for the firm as a result of their dedication to delivering innovative investment solutions to their clients and in response to the firm’s rapid growth. The CIO will be an effective and contributing member of the Executive Team reporting to the Board and will spearhead the firm’s investment committee.
The right candidate will be skilled at evaluating potential investment opportunities, making appropriate recommendations, and crafting dynamic and actionable communication pieces for various platforms and audiences. In addition to maximizing returns and identifying high alpha solutions, the CIO must support and evaluate existing portfolios.
The chosen candidate is a highly motivated, empathetic, and self-driven individual who is undaunted by complex investment portfolios. In addition, the CIO must be a quick study who possesses a high degree of intellectual curiosity and is comfortable engaging in hypothetical discussions. Mission-critical skills of this role include the inherent acumen in synthesizing data, reports, and other macro analyses, translating them in a way that is beneficial and actionable to client-facing executives and other members of KPW.
The CIO must possess a keen ability for recognizing the appropriate timing to step away from the micro-level analyses and focus on the big picture.
- Develop and implement the firm’s investment philosophy, strategies, and processes.
- Possess and employ a certain level of gravitas and demonstrated ability to become a trusted resource and investment advisor to highly successful individuals.
- Advance innovative solutions for the firm’s target client base – first generation wealth from the innovation economy as well as more traditional ultra-high-net-worth clients.
- Quickly earn the confidence of the firm’s partners and employees and act as an investment advisor to a select group of KPW clients and prospects.
- Collaborate with leadership and the investment committee to develop the firm’s long- and short-term investment philosophy and strategies consistent with the firm’s vision, strategy, and client value proposition.
- Oversee analyst teams and ensure the appropriate tools necessary are in place to evaluate and implement portfolios on behalf of KPW’s clients.
- Be laser-focused on maintaining and growing KPW’s clients’ wealth in a thoughtful, opportunistic, and responsible manner.
- Be a consensus builder who understands that tone and trust matter and can take complex investment ideas, simplify them, and achieve “buy-in” from all constituents.
- Work with client teams to understand and be sensitive to KPW clients, their pools of investment capital, and the risk/reward balance needed to achieve goals. The CIO must be prepared to educate, supported by research and knowledge of current market conditions, why those expectations may not be achievable in the event a client or advisor has unrealistic expectations about return.
- Achieve high investment performance expectations and proactively manage KPW portfolios.
- Consistent with the firm’s commitment to innovation, the CIO must own expertise in all public and private markets. New structures that are presented must be analyzed and vetted, not only for their potential for positive investment return, but risks inherent in those structures.
- Manage investment activity in a proactive manner to allow KPW to support its operations which includes working with the Board to ensure the appropriate business risk is being respected across all of the firm’s investments.
- Analyze and monitor critical macroeconomic issues for their potential impact on clients’ investment portfolios.
- Oversee the selection and training of all new employees in investment-related activities and evaluate performance.
- Provide regular communication to executive management regarding changes in regulations, risks, portfolio performance, and market factors affecting valuation of related financial instruments under management.
- Monitor industry and market trends and provide updates and information to the firm.
- Act as “voice of the firm” when interfacing with media, attending conferences, and to external audiences where appropriate.
Personal Competencies and Attributes
- 15+ years’ experience in financial services.
- 10+ years of experience in portfolio management, preferably return generation strategies, asset classes, and various alternative investment products.
- Demonstrated leadership skills such as organizing, problem solving, decision-making, planning, and active listening.
- Excellent verbal and written communication skills both internally and externally with a high degree of ownership in delivering actionable communications.
- Expert in managing the full spectrum of equity investments, fixed income, and alternative strategies for the company.
- Ability to work independently and possess a strong sense of accountability/ownership.
- Appreciate the greater value in working collaboratively rather than individually. Ability to influence colleagues and form a consensus in order to strive for optimal performance toward shared goals.
- Possess and promote the highest degree of ethical standards and integrity.
- Experience qualifying and investing in external managers sourced from a cultivated, broad network.
- A passion for investments as an intellectual pursuit, and a desire to lead others toward accomplishing team goals and objectives.
- Bachelor’s degree required. Professional designation such as CFA, CMT, MBA, etc. or advanced degree preferred.