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- Tasks: Lead business development for hedge funds and fund administration, focusing on new client acquisition.
- Company: Join a global leader in financial services and software with a supportive culture and innovative technology.
- Benefits: Enjoy hybrid work options, competitive salary, excellent commission structure, and long-term career growth.
- Why this job: Be part of a dynamic team driving significant revenue in a rapidly expanding market with impactful results.
- Qualifications: Proven sales experience in hedge funds, strong network, and ability to build a substantial client pipeline.
- Other info: Regular travel required across Mainland Europe; participation in industry events is essential.
The predicted salary is between 43200 - 72000 £ per year.
Business Development Director – (Hedge Funds, Fund administration, Financial Services)
***This is a hybrid role and offering remote working***
An excellent opportunity has arisen for a Business Development Director (Hedge Funds, Fund administration), ideally we seek candidates who have a proven track record of identifying and winning Hedge Fund, Managed Accounts, and Fund of Hedge Fund Administration mandates.
My client is a well-established, award-winning global provider of investment, financial services, and software for the financial services and healthcare industries. With significant technology and expert resources, a highly supportive culture, scalable infrastructure, and a rapidly expanding Hedge Fund Management client base, the role offers a long-term career with significant earnings potential, an excellent commission structure, and a competitive salary.
This role would suit a collaborative, process-driven, structured, and hungry business development executive passionate about winning new business.
Overview
- The new Business Development Director will be tasked with identifying and winning Hedge Fund, Managed Accounts, and Fund of Hedge Fund Administration mandates.
- The preferred candidate must have hedge funds sales experience, a CFO/COO and key intermediary network, senior contacts with several global Prime Brokers, and contacts with legal and accountancy practices. Above all, the candidate must have a proven track record of building a significant pipeline of new business, working alongside dedicated subject matter experts and support teams.
Responsibilities
- Develop a strong pipeline of potential clients in the hedge fund, managed account, and Fund of Hedge Fund space with a focus on profitable new revenue generation.
- Identify and win new business mainly in EMEA (UK and Mainland Europe focused), targeting both new fund launches and established funds across the hedge fund space.
- Take ownership of the sales process and lead commercial negotiations in line with internally agreed parameters.
- Help build the firm’s brand and increase brand awareness to generate quality leads.
- Attendance and participation at industry events.
- Develop and manage the financial intermediary and third-party services provider network including Prime Brokers, Solicitors, Auditors, and Consultants.
- Participate in the Hedge Fund team thought leadership initiatives by writing topical articles pertinent to the industry.
- Regular Travel Required (Mainland Europe).
Experience
- Ideally, the candidate must have a proven track record of building a significant pipeline of new business with material revenue in the hedge fund arena of outsourced middle-office, back-office, fund administration, and accounting services.
Competencies
- The ideal candidate will be a self-starter, a quick learner and will be expected to establish and maintain relationships with key influencers in the industry.
- Self-motivated and driven to deliver strong sales results.
- Ideally Previous Sales experience and exposure to Fund Administration.
- Must be a confident and successful sales-person, happy to make approaches to new/cold customers.
- Strong interpersonal and communication skills (written and oral).
- A real passion, knowledge, and genuine interest in open-ended fund structures, market trends, and regulations. The successful candidate should have the ability to identify opportunities for outsourcing services.
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Business Development Director employer: Chicago Organizing
Contact Detail:
Chicago Organizing Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Business Development Director
✨Tip Number 1
Network actively within the hedge fund community. Attend industry events, webinars, and conferences to meet potential clients and key influencers. Building relationships with Prime Brokers, Solicitors, and Auditors can open doors to new business opportunities.
✨Tip Number 2
Stay updated on market trends and regulations in the hedge fund space. This knowledge will not only help you identify new business opportunities but also position you as a thought leader when engaging with potential clients.
✨Tip Number 3
Leverage your existing network of CFOs, COOs, and intermediaries. Reach out to them for introductions or referrals to hedge funds that may be looking for fund administration services.
✨Tip Number 4
Prepare to showcase your proven track record in building a significant pipeline of new business. Be ready to discuss specific examples of how you've successfully won mandates in the past during interviews or networking conversations.
We think you need these skills to ace Business Development Director
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in hedge funds, fund administration, and business development. Use specific metrics to showcase your achievements and demonstrate your proven track record.
Craft a Compelling Cover Letter: Write a cover letter that reflects your passion for the financial services industry and your understanding of hedge funds. Mention your network with Prime Brokers and your experience in building a significant pipeline of new business.
Showcase Relevant Experience: In your application, emphasize your previous sales experience and any relevant roles that involved managing client relationships in the hedge fund space. Highlight your ability to lead commercial negotiations and generate profitable revenue.
Demonstrate Industry Knowledge: Include examples of your thought leadership in the hedge fund industry, such as articles you've written or events you've attended. This will show your commitment to staying informed about market trends and regulations.
How to prepare for a job interview at Chicago Organizing
✨Showcase Your Track Record
Be prepared to discuss specific examples of how you've successfully identified and won mandates in the hedge fund space. Highlight your achievements and the impact they had on previous employers.
✨Network Knowledge is Key
Demonstrate your understanding of the key players in the industry, including Prime Brokers and legal/accountancy practices. Mention any senior contacts you have and how they can be leveraged for business development.
✨Understand the Sales Process
Familiarize yourself with the sales process specific to hedge funds and fund administration. Be ready to explain how you take ownership of the sales cycle and lead negotiations effectively.
✨Passion for the Industry
Express your genuine interest in hedge funds, market trends, and regulations. Share insights or recent developments that excite you, showing that you're not just knowledgeable but also passionate about the field.
