RSR Partners, a leading board and executive search firm, announced that Richard (“Dick”) Hoag has joined the firm’s Asset Management practice as a Managing Director. Dick will focus on consulting and recruiting senior level C-suite, distribution, and board professionals to traditional and alternative global investment firms.
“Now more than ever, clients need the unique perspective Dick provides on what makes a firm successful in ever-changing environments and how they can build towards their aspirational future.”
Throughout Dick’s 35-year career in the asset management industry, he has held various senior leadership positions that involved recruiting top talent and building teams. As a Senior Partner of Corinthian Cove Consulting, a strategic and tactical consulting firm, Dick advised asset managers on their growth and strategic initiatives, emphasizing the critical role that selecting talent plays in achieving their goals.
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Prior to Corinthian Cove Consulting, Dick spent decades building and leading best-in-class financial services organizations. He was Managing Director and President of Landmark Global Partners (and its predecessor firm, Liontrust International-London) and group head for the North American Institutional business. Dick also served as a Managing Director and Co-Head of Institutional Sales and Client Service at Merrill Lynch Investment Managers (BlackRock 2007) and was Executive Vice President and Managing Director of London-based Gartmore Global Partners, where he ran the U.S. Institutional business, and was a member of the firm’s Executive Committee and Mutual Fund Advisory Board. Dick is a past President and served on the Board of Directors of the Association of Investment Management Sales Executives (AIMSE) and is a recipient of their prestigious Richard A. Lothrop Outstanding Achievement Award.
“Dick brings a powerful combination of deep industry knowledge plus a strong consulting track record of helping asset management firms solve their most important strategic and leadership needs,” stated Brett Stephens, Chief Executive Officer of RSR. “Now more than ever, clients need the unique perspective Dick provides on what makes a firm successful in ever-changing environments and how they can build towards their aspirational future.”
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Dick joins RSR following the firm’s recent announcement that founder and industry icon, Russ Reynolds, transitioned to a Chairman Emeritus role and was succeeded by Todd Ruppert as Non-Executive Chairman. Todd is RSR’s first independent chair.
“Dick’s arrival reinforces our commitment to building our asset management practice,” said Todd, who also spent much of his career in investment management. “Dick joins a deep bench of experienced asset management consultants, and we are confident he will be a strong contributor to the firm’s culture of teamwork. His proven ability to find the best and brightest in the industry uniquely positions RSR to be at the forefront of identifying transformational leaders in the asset management space.”
“After three decades of hands-on experience developing talent at institutional financial services organizations, I look forward to bringing my expertise to RSR,” stated Dick. “The globalization and consolidation of firms continues to drive a demand for talent, and I look forward to providing clients the counsel needed to thrive in this dynamic and transitional market.”
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