How Do You Modernize a 100-Year-Old Firm?

About this episode

Today, we're going in depth with John Dowd. John is the chairman and former CEO of Fiduciary Trust International, a global wealth management firm with over $113 billion in assets under management and administration.Have you ever wondered how to lead a traditional organization through disruption without losing its humanity or its principles? This episode is for you.In this episode you’ll learn:How John strategically modernized a 100-year-old firmHow to lead people through changeHow AI is already changing the client relationshipWhere wealth management is headed nextTimestamps:00:00 - Introduction01:45 - John Dowd’s Secret Life as a Guitar Player03:40 - Why Being a New Kid Can Make You a Better Leader04:58 - What Churchill Taught Him About Leading People Through Change07:15 - Why People Don’t Always Make Rational Decisions09:43 - From Law to Wealth Management12:38 - How to Get People to Embrace Change16:06 - The Leadership Philosophy: Be Steady When Things Break17:34 - The Time John Dowd Fired a Client19:26 - What is the Purpose of Family Wealth?21:31 - Why Great Leaders Avoid the “Superman Effect”23:55 - Where Wealth Management is Headed Next25:06 - How AI is Already Changing the Client Relationship26:26 - Why Gen Z Thinks Google Can Manage Their Wealth27:24 - “It’s Not Your Data. It’s Their Data.”28:15 - Work Ethic Rapid Fire Questions—Just a heads up: this podcast is for information purposes only. Read more about Work Ethic and subscribe to our newsletter http://ethic.com/workConnect with Ethic on LinkedIn (https://www.linkedin.com/company/ethic)Find out more about John and Fiduciary Trust International (https://www.fiduciarytrust.com/meet-our-team/our-profile/john-m-dowd)Connect with John on LinkedIn (https://www.linkedin.com/in/john-m-dowd-a2409935/)