The model by which outsourced CIOs service clients is still evolving in this nascent business. The most common model is to outsource all decision making including asset allocation, manager selection and monitoring. The OCIO reports back to the client but the burden is largely lifted from the client and placed on the new provider.
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Lucas loves this question because it’s a covert way to get a glimpse into whether a company’s core values, like innovation or creativity, are aligned with yours. "Most jobs can be done 100 different ways, but a company’s culture—or even a specific department’s culture—often dictates what’s important," she says.
So what should you hear? Answers that involve working well with others, being a great communicator and being an effective leader.
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