Managing Partner – Operations Advisory — Wealth Franchise

The mandate

The investment committee has withheld further expansion pending clarity on an operations practice moving from diagnostic work to outcome-linked transformation within a listed diversified financial-services platform. The immediate arena is the wealth franchise during margin compression. For mandate 037, the successful executive inherits decisions that have been deferred, competing stakeholder expectations and a need to establish facts before committing further capital.

The Managing Partner – Operations Advisory operating perimeter covers approximately US$4,800 million in assets under oversight, with activity spanning several wealth franchise customer, product and delivery clusters rather than a single asset. The Managing Partner – Operations Advisory Financial Services remit carries direct influence over roughly 250 colleagues and third-party capacity.

The board and its investment committee want a Managing Partner – Operations Advisory who can convert ambiguity into a short list of explicit choices for the wealth franchise. The Managing Partner – Operations Advisory Financial Services seat must resolve margin compression, while preserving the underlying strengths of the wealth franchise. For mandate 037, value will come through sharper allocation, stronger leaders and an operating cadence that exposes variance early.

The Managing Partner – Operations Advisory’s first year on the wealth franchise is expected to end with executive sponsorship, realised benefits and scalable delivery IP. In mandate 037, authority covers resources and leadership appointments; material trade-offs go directly to the board sponsor.

Why this seat is open

This is a newly created Managing Partner – Operations Advisory — Wealth Franchise seat approved as part of the next operating model; it is not an incumbent replacement. The board is running a planned 4–6 month search so the appointee can join ahead of the next capital and talent cycle. Current leaders retain their existing accountabilities until the wealth franchise remit is formally activated. Confidentiality protects organisation design choices while the board compares external and adjacent-sector talent.

What you will own

• Set the Managing Partner – Operations Advisory value-creation thesis for the wealth franchise, translate it into no more than five enterprise priorities and stop work that does not support them.
• Carry stewardship of approximately US$4,800 million in assets under oversight, including allocation, risk acceptance and board forecasts.
• Lead the Managing Partner – Operations Advisory Financial Services organisation of about 250 employees and partners, appointing a team with clear decision rights and credible succession for every critical seat.
• Resolve the wealth franchise economics and execution constraints created by margin compression, with Managing Partner – Operations Advisory-approved owners, dated milestones and transparent escalation thresholds.
• Establish one Managing Partner – Operations Advisory operating review across commercial, customer, financial, people, technology and risk outcomes for the wealth franchise; remove reconciliations that obscure accountability.
• Bring a verifiable book of trusted board relationships and evidence of building partner economics beyond personal billings in mandate 037.
• Build the Managing Partner – Operations Advisory’s three-year succession and capability plan for the wealth franchise, reducing dependence on individual executives and improving mobility across the wider Financial Services organisation.

The first 12 months

• Days 1–90: Validate the wealth franchise baseline, meet the 30 stakeholders most consequential to an operations practice moving from diagnostic work to outcome-linked transformation, assess the leadership team, stabilise immediate delivery risks and agree a board-owned scorecard with explicit decision gates.
• Months 4–9: Make the principal Managing Partner – Operations Advisory portfolio and organisation choices for the wealth franchise, install the new operating cadence, fill critical leadership gaps and deliver the first measurable release of cash, capacity or customer value.
• Months 10–12: Demonstrate a repeatable wealth franchise trend against executive sponsorship, realised benefits and scalable delivery IP, lock the following year’s capital and talent plan, evidence control sustainability and present a credible three-year value case with downside actions.

What the board will measure

• Delivery of the Managing Partner – Operations Advisory’s agreed first-year wealth franchise value case within a 10% tolerance, with variance explained before rather than after the relevant quarter closes.
• A Managing Partner – Operations Advisory forecast that remains decision-useful across three consecutive quarters and reconciles the wealth franchise’s operating, cash, customer and people assumptions.
• Closure of the Managing Partner – Operations Advisory mandate’s highest-priority wealth franchise risk and execution issues by their board-approved dates, with independent evidence that fixes are sustained.
• Retention of at least 90% of critical wealth franchise talent and ready-now successors for at least 70% of the Managing Partner – Operations Advisory’s direct reports.
• A quantified Managing Partner – Operations Advisory-owned improvement in the wealth franchise operating constraint behind margin compression, supported by a clean baseline and named data owner.
• Clear stakeholder confidence in mandate 037: no unresolved high-severity escalation older than 30 days and no material surprise withheld from its agreed governance forum.

The person

You are currently a Managing Partner, Operations Practice Leader or Operating Partner in a listed Financial Services or adjacent enterprise. In relation to the wealth franchise, your Managing Partner – Operations Advisory track record includes a transition where the original plan was no longer sufficient; you can explain your choices, evidence and numerical impact. Candidates from banking, insurance, payments, wealth or regulated fintech will be considered where the operating model, customer stakes and governance intensity match this Managing Partner – Operations Advisory brief.

As a Managing Partner – Operations Advisory candidate, you bring 28+ years of progressive Financial Services or adjacent-sector experience, consistent with the 28-plus experience band. At minimum, you have carried a P&L, book, budget or accountable portfolio of US$2,800 million and led an organisation of at least 175 people. Advisory seats require equivalent wealth franchise client-value ownership and multi-disciplinary leadership.

For mandate 037, the board wants two transitions: a difficult wealth franchise portfolio choice and a leadership-system change during margin compression. As the prospective Managing Partner – Operations Advisory for this wealth franchise, you must challenge optimistic cases and still create followership. References for mandate 037 must distinguish your contribution from the institution around you.

The Managing Partner – Operations Advisory must be based in New York; international relocation is supported, but this Financial Services role is not designed as a remote appointment.

Non-negotiables

• Current or recent accountability at the level of Managing Partner, Operations Practice Leader or Operating Partner, with direct exposure to a board, investment committee or equivalent Financial Services governance forum.
• Proven Managing Partner – Operations Advisory ownership of at least US$2,800 million and leadership of no fewer than 175 employees in a comparable wealth franchise context.
• One completed Financial Services or adjacent-sector example of an operations practice moving from diagnostic work to outcome-linked transformation with outcomes sustained for at least two reporting periods after the initial intervention.
• Sector credibility from banking, insurance, payments, wealth or regulated fintech; experience that is purely functional and lacks Managing Partner – Operations Advisory-level wealth franchise consequences will not meet the bar.
• Willingness to meet the New York location expectation, complete conflicts and background diligence, and protect the confidentiality of mandate 037.

Compensation and terms

The anticipated Managing Partner – Operations Advisory package is US$600,000–850,000 base + annual incentive and long-term equity, calibrated to the final wealth franchise scope and the candidate’s current mix. Any long-term participation for mandate 037 follows standard vesting and performance conditions. The Managing Partner – Operations Advisory appointment in New York, centred on the wealth franchise, offers regular exposure to the board and its investment committee. A structured client and conflict transition of up to 6 months can be accommodated for mandate 037.

Confidentiality

Client identity is withheld at this stage and will be disclosed under mutual confidentiality after an initial fit discussion for mandate 037. Rounded ranges and blended context prevent this document from being used to triangulate the organisation for mandate 037.