Smaller Shops Scout Big Compliance Talent


Ignites | July 18, 2016

The Ignites article, “Smaller Shops Scout Big Compliance Talent,” cites Russell Reynolds Associates research and quotes consultant Cynthia Dow about the attributes a CCO should possess. The article is excerpted below.  ​​

Increased regulatory scrutiny targeting emerging threats like cyber security, an evolving set of new rules, and the desire to position themselves for growth, have more boutiques seeking to poach experienced chief compliance officers to lead their in-house compliance teams.

One example is Eventide, a Boston-based socially responsible investment shop with $1.8 billion across three mutual funds, the largest of which is the $1.4 billion all-cap Gilead Fund.

“Eventide is a growing firm, and we want to grow our compliance capacity in scale with our business,” said CEO Robin John in an e-mail response to questions. “Planning ahead for additional compliance expertise can help us prepare for new initiatives such as expanding our investor base or offering additional products in the future.”


Eventide’s decision to hire a more seasoned CCO reflects the changing nature of firms’ view of the role. That post is beginning to “come of age” industrywide, according to a report from Russell Reynolds Associates. Increasingly, asset managers look to this role to help drive cultural change and guide the business amid emerging risks and impending regulatory hurdles, the executive search firm notes.


“It’s a job where personal qualities matter as much as technical expertise, particularly in leadership capability, business acumen, and expertise around systems and processes and the operational aspects of compliance,” says Cynthia Dow, leader of the Legal Officers Practice at Russell Reynolds Associates.

“The people you see accelerating in the compliance world have greater agility, intellect and leadership skills. They look and feel like other executives of the organization,” she says.

To read the full article, click here.

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Smaller Shops Scout Big Compliance Talent