The top 8 recruiters you need to know if you want to work in a family office
Private Capital
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July 27, 2021
Private Capital
Executive Summary
You've heard of the war for talent across financial services, especially between high-flying startups and Wall Street institutions.
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Excerpt from the article originally published in Business Insider

The Business Insider article, "The top 8 recruiters you need to know if you want to work in a family office," features Russell Reynolds Associates Consultant Jeff Warren. The article is excerpted below.

A similar battle is unfolding between traditional firms and family offices, the privately held, loosely regulated wealth managers for the world's richest individuals and their families. 

After placing some searches on hold earlier in the pandemic, many family offices are again looking to hire for new roles or reassess their staff, executive recruiters told Insider in interviews. 

They are looking to grow their direct-investing and private markets capabilities, poaching investors and wealth advisors from private equity firms and private banks, recruiters said. 

US-based family offices have also sought fresh legal talent as they expect a higher tax rate for the rich and navigate a shifting financial regulatory environment under the Biden administration. Regulators are renewing examinations of the famously secretive industry after the family office Archegos Capital Management imploded this spring and triggered widespread losses for its prime brokers. 

With the flurry of activity in the industry, Insider has rounded up eight must-know executive recruiters in the space.​ 

... 

Jeff Warren, Russell Reynolds Associates

Jeff Warren co-heads the private equity practice in the Americas for Russell Reynolds Associates, the executive search and advisory firm, conducting searches for alternative investment institutions, family offices, and other financial services firms. 

Family offices are "being run more like traditional investment firms," said Warren, who is based out of Los Angeles and New York. 

Some of Warren's searches this year within the space have included chief executive searches for two family offices based in the upper midwest, the finance chief of a mid-Atlantic real estate business and its associated family office, and the head of investments, tax, and trust planning for a northeastern US-based family office. 

"It will only continue on the private market side," said Warren, adding that there is also a sense among family offices that they've got capital to deploy and would rather allocate that capital directly than to vehicles like hedge funds. 

Before he joined Russell Reynolds Associates in 1999, he was the director of business development for KSL Fairways, a private equity affiliate of KKR.

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