Rich Nuzum is head of OCIO at Franklin Templeton. He joined Franklin Templeton from Mercer where he spent more than three decades providing investment consulting advice to institutional investors. Nuzum holds an MBA in analytic finance and accounting from the University of Chicago and a bachelor’s degree in mathematical sciences and mathematical economic analysis from Rice University. Rich also did graduate work in international economics at Tokyo University.

Our conversation starts with Rich’s upbringing and growing up with his parents as school teachers. He describes how he came upon finance as a career, and the impact of the time spent in Tokyo studying economics, one of the most difficult academic paths he has ever navigated. We speak then about his various phases in investment consulting which saw some movements to head up different areas, some planned and some serendipitous.

We turn then to the concept of Outsourced CIO (OCIO) serviced and how this service offering has evolved in recent years – often to be less of a complete substitute for an investment team and more of an adjacent set of complementary skills at times. We discuss the global experience of OCIO adoption and where the future integration of this might lie.

This podcast is kindly sponsored by Evanston Capital and Alvine Capital. For over 20 years Evanston Capital has had a key focus in identifying early-stage investment managers it believes are capable of generating long-term, value-added returns in complex, innovative strategy areas. Alvine Capital is a specialist investment manager and placement boutique with a particular focus on alternative assets with significant presence in London and Stockholm.