The evolving role of the chief operating officer
Wed Feb 23, 2011
What qualities do you need to succeed?
Aradhna Dayal: Let’s talk
about the role of the new-age COO and how that has changed
post-Madoff. What are the qualities of a successful COO
Colin Lunn: Five years ago, this was pretty
much a non-existent role in Asia. A positive development since
then has been an increasing number of professional and
qualified COOs. Managers are realising that you
can’t just sit there with one man and a dog and
your kitchen sink to run a fund – they now have to
build out the people and infrastructure.
When the hedge fund boom started, every single start-up
would have one, maybe two, people. Now you go in and see at
least 10 people at the start-up stage; and very quickly
it’s up to 15 or more. This will probably continue
François Hora: The experience level of a COO is very
important. Having run a...
ISSN: 2151-1845 / CDC10004H
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