Culturally and strategically, senior hires can shape the direction of any business. So, the cost of making poor hiring decisions can be significant. This is particularly the case for lean investment teams, where each recruitment process is set up to uncover high-impact hires who will have a positive impact on origination, deal execution and, crucially, fund performance.
The stakes are also high from a candidate’s perspective. To make a lateral move from an existing fund, especially at a more senior level, candidates are weighing up salary aspirations, accrued carried interest, and existing social capital in their current funds. Typically, their hope is that they will be of more cultural and strategic value elsewhere, and be rewarded accordingly.
At Kea Consultants, we have a deep understanding of the trade-offs involved. Our connectivity with candidates, developed during their formative years in finance, gives us a unique insight into their motivators. This allows us to present opportunities that are worth the risk for them. And, our established relationships mean that candidates trust us to both coach them and challenge their assumptions in pursuit of the role that best aligns with their value as an investor and their personal career aspirations.
For clients, we think beyond a list of criteria on a candidate specification. We critically engage with a fund’s longer-term strategic aspirations and, through consulting and challenge, seek to understand the skills and character traits of the next senior hire that will best advance the fund’s goals. It’s the combination of long-term client and candidate relationships and the balance of curiosity and challenge in our interactions that has had a marked impact on the success of senior hiring.
