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Capital Allocators – Inside the Institutional Investment Industry

Carla Harris – Pearls of Career Wisdom (Capital Allocators, EP.267)

Capital Allocators – Inside the Institutional Investment Industry

Ted Seides – Allocator and Asset Management Expert

Business, Investing

4.7841 Ratings

🗓️ 22 August 2022

⏱️ 53 minutes

🧾️ Download transcript

Summary

Carla Harris is a Senior Client Advisor at Morgan Stanley, the most recent of many posts in her 35-year career at the firm that included serving as Vice Chairman of Wealth Management, heading the Emerging Manager platform, and running deals for decades as an investment banker and capital markets professional. She is the author of three books about navigating careers and leadership, Expect to WinStrategize to Win, and the upcoming Lead to Win, each of which contains lessons she dubs "Carla's Pearls."

In the last few years, Carla added Board seats to her professional portfolio and currently serves on a host of Boards including SEO, Harvard University, Walmart, and MetLife. She's also an accomplished gospel singer who has sold out shows in Carnegie Hall and the Apollo Theatre.

Our conversation offers Carla's pearls of wisdom in navigating a career from her earliest days on the Street. We cover her background, path to Wall Street, framing a personal narrative, learning what's important to an organization, being authentic, taking career risks, and evolving multicultural opportunities in asset management. We then turn to lessons from Carla's new book, from sitting in the Boardroom, and from a letter to her 25-year-old self.

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Show Notes

(3:38) Carla's background
(10:56) Early career lessons
(12:51) Expecting to win 
(15:16) Adjectives of success 
(19:11) Learning from relationships 
(22:21) Being yourself 
(27:41) Client dynamics in banking 
(30:28) Engaging with ESG trends 
(33:32) "Pearls" from Carla's book 
(35:21) Creating trust and leaders 
(38:47) Experiences from the boardroom 
(41:06) Growing communication abilities 
(41:55) Closing questions 

Transcript

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0:00.0

Capital Allocators is brought to you by Ten East, an investment platform for sophisticated investors to access private markets.

0:10.5

Ten East brings benefits of having your own family office without the cost and headaches of doing so.

0:16.8

It's founded and led by Michael LaFelle, former deputy executive managing member of Davidson Kempner.

0:24.2

Michael and his investment team offer members the opportunity to co-invest by offering at their

0:29.1

discretion. Michael and his team source, diligence, and commit material personal capital to each

0:35.3

investment. The opportunities shared on the Ten East platform

0:38.9

offer exposure to private credit, real estate, niche venture and private equity, and other

0:44.5

idiosyncratic investments that typically aren't available through traditional channels.

0:49.2

The principles have over a decade track record of investing in these types of exposures

0:53.5

across more than 350

0:55.7

transactions. Post-investment, the Tennis team conducts ongoing monitoring and reporting,

1:01.8

just as you'd expect from an institutional investment organization. I've known Michael for about a

1:07.0

decade, and after becoming impressed by the quality of 10 East offerings, its research

1:11.6

process, and high-quality investment team, I became an advisor to the organization, an investor

1:17.1

in multiple offerings. You can learn more and join me as a member at 10-east.com. That's the number 10,

1:25.4

east.co.O.

1:33.4

Capital Allocators is also brought to you by SRS Aquium.

1:37.2

Want to make sure your M&A processes aren't stuck in the past?

1:43.6

How about partnering with a company that's been defining the future of dealmaking for nearly two decades instead?

1:46.0

When it comes to M&A innovation,

1:52.7

SRS Aquium has reshaped the way deals get done more than anyone else, streamlining processes for maximum efficiency and minimum headaches. Professional shareholder representation, online

1:59.2

M&A payments, digital stockholder solicitation,

...

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