C-suite succession planning: The key considerations

What to do when preparing for a change of guard

There are certain times of the year when the asset management industry seems to be on the move.

However, firms should be prepared at any time for when those in their senior investment management team depart for pastures new, leaving them with an important strategic role to fill, either internally or externally. Portfolio managers usually have deputy managers or co-managers who work with them for years on a fund, ensuring they can hand over the reins without any, or little, change in investment process. But finding someone who can step into a chief investment officer role, for example, might be more of a headache if there is no succession plan in place. Lord Rothschild to step...