Leaders in Capital

Bill Blair

In Leaders in Capital, Bill Blair brings his seventeen years of elite recruiting experience in investment banking and financial markets to the forefront. This podcast provides a rare, behind-the-scenes look at the high-stakes world of institutional sales, market making, and P&L leadership where the most impactful moves happen discreetly. Through candid insights and expert analysis, the show explores what truly defines market value for producers and dealmakers in today's landscape. It is the essential resource for financial professionals who own their client relationships and leaders who are ready to stop leaving their next strategic career move to chance.

Episodes

  1. What It Really Takes to Build a Hedge Fund and Survive Market Cycles with Mark Rieder

    Jun 24

    What It Really Takes to Build a Hedge Fund and Survive Market Cycles with Mark Rieder

    In this episode of Leaders in Capital, host Bill Blair sits down with Mark Rieder to discuss a career shaped by continuous learning, calculated risk-taking, and a deep understanding of credit markets. Mark reflects on his journey from Deloitte and Goldman Sachs to portfolio management roles at PartnerRe and GIC, where he navigated major market events, including the Dot-Com crash and the Global Financial Crisis. He also shares lessons from launching LaMar Assets, writing a practitioner’s guide to credit investing, and building a business in an increasingly competitive investment landscape. Mark Rieder is the Founder of LaMar Assets, an investment firm focused on global credit markets. Mark is also the author of a practitioner’s guide to credit investing and is recognised for his expertise in portfolio construction, risk management, and navigating market cycles. Key Takeaways:Why career growth is rarely a straight line and how diverse experiences build long-term successWhat separates great portfolio managers from average investorsWhy mentorship and continuous learning remain essential throughout a careerHow to think about risk, liquidity, and market cycles as an investorThe opportunities and limitations of AI in investment managementHow founders balance investing, fundraising, business operations, and growth Episode Timestamps:[00:00] - Mark's career journey and why growth is rarely linear[05:31] - Goldman Sachs, hard work, and learning from elite professionals[08:54] - Moving to the buy side and lessons from the Global Financial Crisis[12:05] - Mentors, continuous learning, and building an investment toolkit[17:35] - Why Mark decided to start his own firm[25:07] - Writing a practitioner’s guide to credit investing[31:28] - The story behind the name LaMar Assets[39:16] - Life as a founder and balancing multiple responsibilities[48:45] - Mark's views on today's credit markets and market cycles[57:53] - What excites Mark most about the future of LaMar Assets Connect with the Guest, Mark Rieder: LinkedIn: https://www.linkedin.com/in/riederm/Company’s LinkedIn: https://www.linkedin.com/company/lamarassets/Company’s Website:https://sites.google.com/lamarassets.com/lamarhome/home2nd Company’s LinkedIn: https://www.linkedin.com/company/fourier-asset-management/2nd Company’s Website: https://fourier-am.com/ Connect with the Host, Bill Blair: LinkedIn: https://www.linkedin.com/in/billrblair/ More from Bill Blair: Website: http://billblair.com/LinkedIn: https://www.linkedin.com/company/billblair/Email: bill@billrblair.com Follow the Podcast: Apple Podcasts: http://podcasts.apple.com/us/podcast/leaders-in-capital/id1895355289Spotify:https://open.spotify.com/show/33bLsyiAh9X5ziYOuwnAEH?si=0193cac024e949d7YouTube: https://www.youtube.com/@BillRBlairOfficial

    52 min
  2. From Rejection to Wall Street to AI Trading Driven by Fear of Failure with Brian McGrath

    Jun 17

    From Rejection to Wall Street to AI Trading Driven by Fear of Failure with Brian McGrath

    In this episode of Leaders in Capital, Host Bill Blair sits down with Brian McGrath to explore a career that spans more than 25 years in financial markets. Brian reflects on his journey from fixed income trading and market making to leading an AI-driven quantitative investment platform, sharing lessons on resilience, leadership, risk management, and the importance of continuously adapting to change. He discusses the evolution of market structure, the impact of technology on trading, and why curiosity and a willingness to reinvent yourself remain essential for long-term success in finance. Brian McGrath is the Chief Investment Officer at Quantum Yield. With more than two decades of experience in fixed income trading, market making, and business building, Brian has worked across firms including Legg Mason, Bank of America, Stifel, and KeyBank. Today, he combines his deep understanding of financial markets with AI-driven investment strategies, helping bridge traditional market expertise with the next generation of quantitative trading. Key Takeaways:How Brian broke into finance despite being told the industry was out of reachThe lessons he learned building trading businesses throughout his careerWhat working through the Global Financial Crisis taught him about resilience and riskHow technology has transformed market structure and trading over the past two decadesWhy successful leaders embrace change rather than resist itHow AI and quantitative models are reshaping investment managementThe role of curiosity, passion, and continuous learning in career success Episode Timestamps:[00:00] - Brian's career overview and transition into AI-driven investing[07:12] - Lessons from the early days at Legg Mason[10:34] - Discovering a passion for building businesses and teams[14:03] - Moving to Bank of America and learning institutional markets[16:22] - Technology adoption, market access, and industry transformation[21:17] - Navigating the Global Financial Crisis and lessons in resilience[26:29] - Building trading businesses at regional firms[34:19] - Leaving traditional trading and joining Quantum Yield[47:37] - Family, balance, and the fear of failure[58:12] - The biggest leadership lesson Brian learned the hard way Connect with the Guest, Brian McGrath: LinkedIn:https://www.linkedin.com/in/brianmcgrath1111/Company’s LinkedIn: https://www.linkedin.com/company/quantumyield/Company’s Website: https://quantumyield.ai/ Connect with the Host, Bill Blair: LinkedIn: https://www.linkedin.com/in/billrblair/ More from Bill Blair: Website: http://billblair.com/LinkedIn: https://www.linkedin.com/in/billrblair/Email: bill@billrblair.com Follow the Podcast: Apple Podcasts: http://podcasts.apple.com/us/podcast/leaders-in-capital/id1895355289Spotify:https://open.spotify.com/show/33bLsyiAh9X5ziYOuwnAEH?si=0193cac024e949d7YouTube: https://www.youtube.com/@BillRBlairOfficial

    50 min
  3. The Career Reinvention for Finance Professionals to Break into Capital Markets with Benjit Dhesi

    Jun 10

    The Career Reinvention for Finance Professionals to Break into Capital Markets with Benjit Dhesi

    In this episode, Bill Blair sits down with Benjit Dhesi, founder of Hedge Exec and former Managing Director at SMBC, to explore a career that moves from military service to high-level capital markets and into the future of digital finance. Benjit shares how his time in the British Army shaped his leadership, resilience, and decision-making under pressure. From extreme training environments to real-world operations in Iraq, he explains how those lessons carried into his transition into finance during one of the toughest economic periods. Key Takeaways:Military experience helped Benjit develop leadership, discipline, and the ability to perform under pressure.Strong networking and relationship-building were critical to successfully transitioning into finance.Building and scaling businesses requires aligning teams, incentives, and long-term strategy.AI is changing financial services by automating routine work and increasing the value of strategic decision-making.Digital assets and emerging technologies are pushing traditional financial institutions to innovate faster.Professionals who combine financial expertise with technology knowledge will be best positioned for future opportunities. Episode Timestamps:[00:01:21] – Benjit’s Background and Career Overview: From the British Army to capital markets and founding Hedge Exec. [00:06:28] – Turning Down JP Morgan and Choosing the Army: Why Benjit rejected a traditional path and pursued military service. [00:14:14] – Life in the Army and Iraq Deployment: Extreme conditions, leadership under pressure, and lessons from real operations. [00:38:32] – Transitioning into Finance During a Crisis: Breaking into banking during the financial crisis through networking and persistence. [00:51:32] – Building a Derivatives Business at SMBC: Scaling a business across Europe and navigating internal banking structures. [01:04:59] – AI, Fintech, and the Evolution of Financial Roles: Why banks must adapt and where fintech is gaining ground. [01:10:00] – Digital Assets and Trading Innovation: How data, sentiment analysis, and machine learning are reshaping trading strategies. [01:18:29] – Career Lessons and What He’d Do Differently: The importance of building a broad network and gaining diverse experience early. [01:22:00] – What’s Next: Building the Future of Finance: Benjit’s focus on bridging traditional finance with next-gen financial infrastructure. Connect with the Guest Benjit Dhesi: LinkedIn: https://www.linkedin.com/in/benjitdhesi/ Website: https://hedgeexec.com/ Connect with the Host Bill Blair: LinkedIn: https://www.linkedin.com/in/billrblair/ More from Bill Blair: Website: https://billblair.com/ LinkedIn: https://www.linkedin.com/in/billrblair/ Email: bill@billrblair.com Follow the Podcast: Apple Podcasts: http://podcasts.apple.com/us/podcast/leaders-in-capital/id1895355289Spotify:https://open.spotify.com/show/33bLsyiAh9X5ziYOuwnAEH?si=0193cac024e949d7Youtube: https://www.youtube.com/@BillRBlairOfficial #BenjitDhesi #CapitalMarkets #DigitalFinance #AIinFinance #CryptoInsights #LeadershipJourney

    1h 22m
  4. Leadership Skills for Future CEOs to Escape Career Plateau using a Feedback Mindset Megan McDonald

    Jun 3

    Leadership Skills for Future CEOs to Escape Career Plateau using a Feedback Mindset Megan McDonald

    In this episode of Leaders in Capital, Megan McDonald, the CEO of Daiwa Capital Markets Europe Ltd, shares her inspiring journey from a farm in South Africa to leading a 400-person team at one of Japan's largest brokerage firms. Megan talks about the pivotal moments in her career, including her transition from law to investment banking, the lessons learned during the global financial crisis, and how she developed her leadership skills. She emphasises the importance of surrounding yourself with people who know more than you, the significance of learning from feedback, and the value of a purpose-driven career. Key Takeaways:The Importance of Learning from FeedbackFinding Purpose Beyond MoneyLeadership Through ChangeThe Value of Building a Strong TeamCultural Leadership and Diplomacy Episode Timestamps:[00:00] - Introduction: Megan McDonald's career journey: From South Africa to CEO at Daiwa Capital Markets Europe Ltd[02:29] - Growing up on a farm and the unlikely path to finance[04:42] - Transitioning from law to investment banking[07:40] - Leadership lessons learned during the global financial crisis[12:15] - Why staying at Standard Bank for 20 years was a journey of growth[20:47] - The decision to become CEO of Daiwa Capital Markets Europe Ltd[25:17] - The realities of stepping into the CEO role[33:24] - What makes people successful in their careers[38:53] - The next generation of leaders and their approach to change[43:24] - Advice for the next generation: Finding your unique strengths Connect with the Guest Megan McDonald: LinkedIn: https://www.linkedin.com/in/megan-mcdonald-79044890/ More from Guest’s Company Daiwa Capital Markets: LinkedIn: https://www.linkedin.com/company/daiwa-capital-markets-europe-ltd/Website: https://www.uk.daiwacm.com/ Connect with the Host Bill Blair: LinkedIn: https://www.linkedin.com/in/billrblair/ More from Bill Blair Website: https://billblair.com/LinkedIn: https://www.linkedin.com/in/billrblair/Email: bill@billrblair.com Follow the Podcast: Apple Podcasts: http://podcasts.apple.com/us/podcast/leaders-in-capital/id1895355289Spotify:https://open.spotify.com/show/33bLsyiAh9X5ziYOuwnAEH?si=0193cac024e949d7Youtube: https://www.youtube.com/@BillRBlairOfficial

    46 min
  5. Jun 3

    Meet Bill Blair and the Vision for Leaders in Capital

    In this introductory episode of Leaders in Capital, host Bill Blair shares his background as a headhunter in investment banking and financial markets and explains why he launched the podcast. Drawing on nearly two decades of experience and hundreds of senior level placements across global financial markets, Bill discusses the insights he has gained from conversations with industry leaders and decision makers. He introduces the mission of Leaders in Capital, to explore the careers, leadership lessons, pivotal decisions, and personal experiences of senior professionals across banking and finance. The podcast aims to provide practical insights and authentic stories from those who have built successful careers in the industry. What You'll LearnBill Blair's background in financial services recruitmentWhy Leaders in Capital was createdThe leadership and career lessons often missing from résumés and job descriptionsWhat listeners can expect from future conversations with finance leadersThe importance of trust, decision-making, and long-term career development in financial services Timestamps[00:00] - Introduction to Bill Blair and his career in financial services recruitment[00:35] - Experience placing professionals across global markets[01:00] - Why there is a gap in finance-focused career and leadership content[01:27] - Lessons learned from thousands of conversations with industry professionals[01:53] - Why Leaders in Capital was launched[02:10] - What listeners can expect from future episodes[02:32] - Closing remarks and where to follow the podcast Connect with the Host Bill Blair: LinkedIn: https://www.linkedin.com/in/billrblair/ More from Bill Blair: Website: https://billrblair.com/ LinkedIn: https://www.linkedin.com/in/billrblair/ Email: bill@billrblair.com Follow the Podcast: Apple Podcasts: http://podcasts.apple.com/us/podcast/leaders-in-capital/id1895355289Spotify:https://open.spotify.com/show/33bLsyiAh9X5ziYOuwnAEH?si=0193cac024e949d7Youtube: https://www.youtube.com/@BillRBlairOfficial

    3 min

About

In Leaders in Capital, Bill Blair brings his seventeen years of elite recruiting experience in investment banking and financial markets to the forefront. This podcast provides a rare, behind-the-scenes look at the high-stakes world of institutional sales, market making, and P&L leadership where the most impactful moves happen discreetly. Through candid insights and expert analysis, the show explores what truly defines market value for producers and dealmakers in today's landscape. It is the essential resource for financial professionals who own their client relationships and leaders who are ready to stop leaving their next strategic career move to chance.