Mack International President Featured in Crain’s Chicago Business
Chicago, IL, December 17, 2007 – Mack International, a premier retained executive search and consulting services firm is featured in today’s Crain’s Chicago Business® publication and online edition, ChicagoBusiness.com powered by Crain’s®. Crain’s is a weekly regional business periodical.
Linda Mack, founder and president of Mack International was highlighted in an article titled, “Meeting Wealth’s Great Demands” which discusses the under-supply of talented professionals specializing in investment management for wealthy families.
The article suggests that it is difficult for single-family and multi-family offices to attract and retain talented professionals over larger investment firms and financial institutions, such as hedge funds, which may offer greater resources and financial benefits. Additionally, family wealth management is complicated often involving diverse and complex portfolios, unusual tax situations, philanthropic organizations, inheritance issues and family members’ competing monetary priorities.
Portfolio performance expectations are high, too, which places a lot of pressure on wealth management professionals. Many families have seen what unconventional investing has done for schools like Harvard and Yale, and expect to see the same results from their own investments. Family wealth management roles demand a breadth of technical experience and social aptitude many investment advisors lack, making it even more difficult to staff key positions.
In the article, Linda Mack points out that there are often creative ways of attracting and retaining talented individuals that can level the playing field in the war for wealth management talent.
Mack International has extensive experience in the financial services and wealth management industry. Using a broad network without the ‘off-limits’ impediments that constrain larger search firms, Mack International taps into hidden pools of talent to successfully recruit and deliver ideal candidates without delay or restriction.
About Mack International
Mack International, LLC is a premier retained executive search and consulting firm focused on providing executive search and consulting solutions to financial services and wealth management industry clients. Headquartered in Chicago, Mack International serves domestic and international organizations. More information about Mack International is available on the Web at www.mackinternational.com.