Crain's Features William Blair

Monday, March 24, 2014

Michelle Seitz interviewed by Crain'sA recent Crain's article, "How William Blair got so much bigger," highlights the growth plan that resulted in asset under management quintupling since 2001.

Michelle Seitz, head of William Blair Investment Management, LLC, discussed the investment team build out that she started implementing after the September 11, 2001, terrorist attacks. The plan included expanding the institutional business, introducing new products and services, and having portfolio managers specialize in investment strategies instead of being generalists.

"The vision that I had for us was to be a respected and recognized leader in global asset management," said Seitz in the article.

Since then, William Blair has transformed from a Midwest money manager overseeing $12 billion to a firm managing $62 billion in assets (as of December 31, 2013) for a wide range of institutional investors. In addition, the investment management team has expanded to 327 investment professionals from 128 in that same time period.

Crain's quotes Charles "Chip" Roame, managing partner at industry consultants Tiburon Strategic Advisors in Tiburon, Calif.: "I can think of few other firms that have made such bold moves and succeeded."

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