does establishing a foreign office fast track your career? (finance)
Blackstone: Joe Baratta builds london office -> global head of PE
KKR: Joe Bae builds asian office -> co-CEO
Warburg Pincus: Chip Kaye builds asian office -> CEO
..
probably more examples i'm missing
I think you have it flipped... The rockstars on a fast-tracked career are the ones trusted to head large projects for the company to prove themselves ready for more responsibility.
Its probably less of, build an international presence - get CEO, and more of the position you put yourself in to be trusted with a firms international expansion that gets you CEO.
Does this make sense?
You see this in a lot of current CEOs where they were tasked with building out a large function of these large firms and then they became CEO following the expansion.
Here are just a couple that come to mind.
Bob Igor ABC COO -> Head of Disney international operations -> CEO
Jane Fraser Latin american Operations for CITI -> Head of US Consumer banking -> CEO
Yeah its more like - already a rockstar and given a ton of responsibility - continues to be a rockstar with increased responsibility - therefore becomes CEO candidate
It can. A family friend of mine did something like this and is now a partner at Goldman.
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