Director mismatch

In emerging asset classes like ESG and crypto there’s a mismatch developing between who managers would like to like recruit as non-executive directors for the boards of their funds and who is available to take on the role.

The mismatch became apparent to The NED as
a result of launching IFI Global’s Selection Intelligence Service (SIS). SIS provides managers with candidate shortlists of independent fund directors as well as third party ManCos and occasionally service providers.

Managers generally access SIS when they are looking for a director with a particular and hard to find skill-set. Managers of funds in emerging asset classes are often in this category.

To read more on this story, see the December issue of The NED.