Capital Allocators – Inside the Institutional Investment Industry CIO Transition – Roz Hewsenian and Joshua Fenton, Helmsley Trust (EP.401)
Aug 19, 2024
Roz Hewsenian, former CIO of the Helmsley Trust, and Joshua Fenton, the new CIO, share insights from their successful leadership transition. They discuss Roz's well-planned retirement strategy and the importance of preparing a successor well in advance. Joshua recounts the conversations and changes that shaped his new role. They emphasize lessons on succession planning, mentorship, and the value of diverse team dynamics in investment management, providing practical takeaways for future transitions in the industry.
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Gradual Exposure
- Gradually expose team members to leadership tasks.
- Delegate responsibilities to help them develop their skills and prepare for future roles.
Unexpected Appointment
- The trustees unexpectedly appointed Roz to the investment committee after her retirement announcement.
- This created an unusual dynamic where she observed the team she had led.
Behind the Presentation
- Joshua Fenton's buy-side experience allowed him to recognize the polished presentations often given by investment managers.
- He emphasizes the importance of understanding the nuances and realities behind these presentations.