Head of Market Development (Wealth)

Head of Market Development (Wealth) Department: Account Management Employment Type: Full Time Location: London, UK

Description The Head of Market Development is responsible for identifying new market opportunities and developing strategies to expand a CFRA’s customer base. They play a crucial role in the growth and success of the business by identifying and targeting new segments, increasing market share, and driving revenue. They have a deep understanding of their industry, competitors, and target markets. They use this knowledge to identify untapped opportunities and develop a plan to capitalize on them. This can include researching and analyzing market trends, identifying potential partners, and especially developing new products or services to solve client challenges.

Key Responsibilities Financial Growth: Creating and implementing a plan to drive growth and increase revenue. Market Analysis: Conduct thorough market research to identify emerging trends, customer needs, and competitive dynamics. Strategic Planning: Develop and implement market development strategies that align with the company's overall business objectives. Opportunity Identification: Identify and evaluate new market opportunities, including potential partnerships, acquisitions, and new product launches. Collaboration: Work closely with sales, marketing, product development, and other departments to ensure cohesive execution of market development plans. Customer Insights: Gather and analyze customer feedback to inform market development strategies and improve customer satisfaction. Go to Market: Maximize client value by ensuring product launches are well thought out and all teams are aligned and prepared. Performance Metrics: Establish and monitor key performance indicators (KPIs) to measure the success of market development initiatives. Reporting: Provide regular updates to senior management on market development activities, progress, and outcomes including competitive analysis of products and services.

Skills, Knowledge and Expertise

Qualifications:

• Proven experience in market development, business development, or a related field.
• Results-driven and goal-oriented mindset.
• Strong analytical skills and the ability to interpret market data.
• Excellent communication and interpersonal skills.
• Strategic thinking and problem-solving abilities.
• Ability to work collaboratively with cross-functional teams.
• Proficiency in market research tools and techniques.
• Bachelor’s degree in business administration, Marketing, or a related field; MBA or advanced degree preferred.

Skills:

Market research and analysis Strategic planning Business development Customer insights Performance measurement Budget management Cross-functional collaboration

Benefits Sick Days PTO Holiday Pay Health, Dental, & Vision Insurance Company paid Life & Disability Insurance Competitive Pay Performance Bonus Pension