Jacob Gamble Featured in Crain Currency on Family Office Key-Person Risk
Jacob Gamble, Principal at Cowen Partners and Head of Steward, the firm’s family office practice, was featured in Crain Currency in a piece on one of the most underestimated threats to a family office: what happens when the one person who runs the investments walks out the door.
In the article “The one-person family office: what breaks when the CIO walks out the door,” writer Marcus Baram explores how lean, single-decision-maker shops are exposed when a CIO departs, taking a decade of context and reasoning with them. Jacob’s contribution focuses on the fix.
His advice to families is to embrace the star hire but move quickly to mitigate the downside.
As he tells Crain Currency, it’s perfectly fine to hire the best CIO your budget will allow, but on day one, that person has to start transferring their knowledge to paper, including the investment process, the manager-selection logic, and the reasoning behind each decision.
With dictation tools and an analyst working under the CIO, he notes, the task is easier than it’s ever been.
The deeper point Jacob makes is that naming a successor accomplishes little if the reasoning behind years of decisions lives nowhere. He encourages families to memorialize everything “as if you’re going to have your own presidential library someday,” turning institutional knowledge into an asset of the family rather than the individual.
That, he adds, takes governance as much as documentation, including clear rules on who can write checks and at what size, so the office keeps running even when the CIO is away.
Read the full article in Crain Currency.
About Crain Currency
Crain Currency is a trusted source for news and insights on family offices and ultra-high-net-worth investing, connecting readers with timely, authoritative reporting since 2022. Their mission is to combine expert journalism with actionable analysis to help families and advisers navigate complex markets, preserve wealth and plan for the future.
Jacob Gamble, Principal
Their mission is to combine expert journalism with actionable analysis to help families and advisers navigate complex markets, preserve wealth and plan for the future.
Jacob Gamble is a Principal at Cowen Partners Executive Search, a leading executive search firm, where he specializes in identifying and recruiting top talent for C-suite and leadership roles in the financial services industry. With over 20 years of global experience in management consulting, investment banking, investment management, family offices, and corporate strategy, Jacob brings a wealth of expertise to his role.
Jacob rose to the level of Vice President of Fisher Investments, overseeing a $3.3-billion-dollar business line during his 13-year period with the company. He then worked as a Managing Director at Paulson Investment Company, a highly esteemed investment bank focused on the small to mid-cap markets. Jacob then became Paulson’s top executive of their bridge loan hedge fund.
After Mr. Gamble’s successes at Paulson, he moved into the CEO position at a publicly traded, multi-state drug rehabilitation franchise in which he completed a full-scale corporate reorganization, increasing shareholder value by nearly 300% before moving to Chairman of the Board of Directors.
Jacob has in-depth knowledge, contacts, and experience within the financial industries and specialized in the process of licensing, buildouts, and development of vertically integrated operations. Jacob also has experience in acquisitions of small private companies and operational integration of disparate businesses.
Jacob graduated from Oregon State University with a B.S. in General Science and an M.S. in Management from Florida Institute of Technology (with an HRM Concentration). Jacob was an occasional lecturer at the University of Oregon’s Charles H. Lundquist College of Business in portfolio management and environmental, social, and corporate governance (ESG) investing for the Chartered Financial Analyst Society in Portland, Oregon. Jacob has also authored papers on the United States federal debt, corporate debt, and the Social Security Administration.
At Cowen Partners Executive Search, Jacob leverages his decades of comprehensive experience to help organizations secure transformative leadership talent.
Executive Search Expertise Across Investment Advisors & Financial Services
Cowen Partners brings institutional-grade executive search capabilities to investment advisors, family offices, and financial services organizations seeking leadership that competes at the highest levels of global finance.
Industry-Specific Experience
1. Investment Advisors
- Private Wealth Management: Identifying leaders who excel in building client relationships, portfolio strategies, and wealth preservation for high-net-worth individuals.
- Institutional Asset Management: Recruiting executives with a proven ability to manage large-scale investments, develop institutional strategies, and drive asset growth.
2. Hedge Funds
- Investor Relations: Sourcing professionals with expertise in securing investor trust, managing capital raises, and navigating complex stakeholder communication.
- Fund Operations: Placing operational leaders with a track record of streamlining processes, ensuring compliance, and optimizing fund services.
3. Family Offices
- Infrastructure and Methodologies: Recruiting executives who build robust operational frameworks, apply disciplined investment methodologies, and create sustainable strategies for generational wealth.
- Investment Approach: Identifying talent skilled in aligning family values with investment strategies and managing diverse asset classes.
4. Investment Banks
- Institutional Sales: Placing top-performing executives adept at expanding institutional client bases, structuring innovative financial products, and generating revenue growth.
- Expansion Strategies: Recruiting leaders experienced in M&A, market entry, and scaling operations across global markets.
5. Broker-Dealers
- Retail Asset Management: Identifying executives skilled in product development, investor education, and driving adoption in retail investment channels.
Functional Expertise
- Research: Recruiting executives who drive data-informed decision-making and market intelligence strategies.
- Corporate Communications: Placing leaders skilled in managing brand reputation, stakeholder engagement, and strategic messaging.
- Client Service: Identifying professionals with exceptional client management and retention skills in competitive markets.
- Sales & Business Development: Sourcing executives with a track record of exceeding revenue targets, expanding market share, and driving organizational growth.
- Portfolio Management: Placing investment professionals who deliver results through innovative strategies and disciplined risk management.
- Change Management: Recruiting leaders who effectively navigate organizational transformation, cultural shifts, and strategic realignment.
Steward: Executive Leadership for Family Offices in all 50 States
Steward, the dedicated family-office practice of Cowen Partners Executive Search, helps families secure executive leaders who preserve legacy, enhance stewardship, and position the enterprise for long-term success.
Whether the need centers on a disciplined Chief Investment Officer, a forward-looking Chief Financial Officer, or a steady, operationally minded Chief Operating Officer, our senior-partner-driven approach ensures a search defined by discretion, alignment, and strategic clarity.
For multigenerational families, first-generation wealth creators, and newly formalized family offices, we tailor every engagement to your governance structure, investment posture, and family objectives. The result is leadership that strengthens operational resilience while honoring the values that anchor the family’s identity.
We specialize in identifying executives who bring both technical competence and principled judgment—leaders capable of navigating complexity, supporting continuity, and executing decisions that stand the test of time.
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