MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, October 1, 2012 A Big Four Firm Hungers for Fund Talent Are you a portfolio manager, head of sales or distribution, a wholesaler or perhaps a legal exec at a mutual fund firm, then PricewaterhouseCoopers may be interested in hiring you. The Big 4 firm has been aggressively growing its asset management consulting practice and is looking for senior mutual fund talent across a variety of functions. For example, the firm hired last week senior New York Life Investment Management executive John Siciliano to serve as a managing director within the practice. "We have really been focused on extensive growth in this area over the past four years," says practice leader Gary Meltzer. "The skills we are looking for are very broad and cover a broad range given our focus across an enterprise. Certainly nothing is off the table." Siciliano says the services provided by his group to mutual fund firms include: product evaluations; product development; sales and distribution strategy and talent development. "We can help assess the viability of existing funds, and help decide what funds to close and what funds could be used to further develop the franchise," he says. "PwC can also help develop and launch new funds based on a comprehensive strategy based on market demand and the appropriate utilization of the client's franchise." The PwC executives argue that having an outside perspective on the competitive landscape is key for mutual fund executives now. "The facts are that tremendous profit compression in the mutual fund industry will continue over the next few years, given the emergence of ETFs as a true asset class and the continuous move to target date funds," says Sciliciano. "Scale matters now more than ever." Printed from: MFWire.com/story.asp?s=41457 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |