In my mind, there are 3 steps that need to be carefully managed in this process:
1) The acquisition of the securities which entails careful valuation and setting up a very good auction system.
2) Managing these securities on a day-to-day basis.
3) Selling the securities in the open market in the future.
Kashkari can do #3 no problem. That's what investment bankers do, promote and sell securities. But I'm not sure if he's the right fit to accomplish #1 and #2. That portion seems to be better fit for a bond manager like Bill Gross of PIMCO. Hell, I would even trust it to Jim Cramer. Both guys are proven money managers who has had decades of experience in the financial markets.
Maybe he'll hire many advisors... but still... I'm not saying this guy's qualification is not impressive. I just wonder if we've hired a surgeon to do a denstist's work.
Vice Presidents
At this level, life starts to become exciting. The title sounds daunting, but don’t be deceived: Vice presidents (VPs) are plentiful at any large investment bank.
As a VP in corporate finance, you’ll manage the day-to-day affairs of the associates and analysts under you and you’re more likely to have frequent contact with clients. If you work in sales, trading or research, you will likely have your own book of customers, more flexible trading risk parameters, or your own list of companies to research. Because sales people and traders work on their own to make money, an exceptionally talented VP on a trading desk could potentially make more than a managing director.
You’ll typically work as a VP for three years, but you could be one for much longer, as VP can be a more difficult career transition point. VPs who fail to progress at one bank tend to move to another one, where they can join at the next rank up: director or executive director
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