November 17, 2016 – Executive search firm Charles Sterling Group, LLC has appointed Mike Fitzgerald as managing director and distribution search practice leader. He joins the firm’s asset management practice.
In this role, Mr. Fitzgerald will assume responsibility for the delivery of Charles Sterling Group’s executive search and management consulting services to new and existing clientele.
He brings over 30 years of asset management sales and distribution leadership experience to the firm. Prior to joining Charles Sterling Group, Mr. Fitzgerald spent six years as the head of intermediary distribution at Morgan Stanley Investment Management. Before joining Morgan Stanley, he spent over 14 years with MFS Investment Management in a variety of leadership roles, most recently as head of sales and relationship management / advisory resources group. He began his career in financial services with Federated Investors.
“We are very excited to have Mike join our leadership team,” said Fran McCormack, a Charles Sterling Group founding partner. “The asset management industry is facing a confluence of secular trends that are reshaping distribution and product development. Mike’s depth of experience navigating the competitive landscape strengthens our capabilities and enhances our position as a leading provider of executive search consulting services to the asset management sector.”
Katie Vande Water, Charles Sterling Group’s asset management investments practice leader, said: “Mike’s knowledge of both institutional and retail distribution complements our current investment practice giving us the knowledge and network to provide our clients with exceptional industry trends and service. I am looking forward to having him as part of the practice and working with him in the coming years.”
Shifting demographics, globalization, fee compression and the need for investment return require that today’s leaders in asset management navigate the complexity of global markets with conviction.
According to Charles Sterling Group consultants, leaders in this sector must drive a holistic strategy that delivers broad-based products, comprehensive distribution strategies, strong investment performance and a suite of solutions based offerings. In addition, consideration must also be given to increased regulatory and client oversight by developing a robust risk management, compliance, legal and operational infrastructure for their organization.
Charles Sterling Group has been servicing the needs of traditional and alternative asset managers for many years. The firm works with the full spectrum of industry competitors who cater to institutional, private wealth and retail customers, executing assignments across all major asset classes in support of both front and back office functions. Coverage areas include institutional asset managers; mutual fund companies; endowments and foundations; pension funds; hedge funds; private equity; insurance; and boutique advisors.
Contributed by Dale M. Zupsansky, Managing Editor, Hunt Scanlon Media