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The firm runs distinct business lines under a common governance framework. The intention is to keep decisions close to the client while keeping oversight genuinely independent of them.
Client-facing business lines are separated from the functions that oversee risk, compliance, and operations. That separation is the point of the structure. It keeps the people who win and run mandates distinct from the people whose job is to question them.
Each business line has its own leadership and its own area of expertise. Research, risk, and operations are shared across the firm, which is what keeps standards consistent from one practice area to the next.
Three layers carry responsibility for how work is approved and overseen.
Named people own the quality and consistency of client work within each practice area.
Independent review of significant decisions, with exposure monitored across the whole firm.
Research, operations, and client service support every business line to the same standard.