Unexpected Results in Financial Services Leadership Study

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Today Jim Dillahunty, Principal Researcher for the 2005 Financial Services Leadership Study, unveiled preliminary results from the initial pilot data. Most surprising is the fact that the data thus far indicates that Empathy, thought to be a key predictor of leadership success, is presenting as a negative in the financial services industry when correlated with leadership skills.

Today Jim Dillahunty, Principal Researcher for the 2005 Financial Services Leadership Study, unveiled preliminary results from the initial pilot data. Most surprising is the fact that the data thus far indicates that Empathy, thought to be a key predictor of leadership success, is presenting as a negative in the financial services industry when correlated with leadership skills.

Dillahunty explained that, “This data is preliminary and at this point should not be regarded as a statistically significant determinate of leadership traits or leadership qualities. Since this research is based on CEOs, COOs and other top level executives during the 2000-2004 period of financial industry turmoil, that could account for the low Empathy scores.”

The 2005 Financial Services Leadership Study is defining the most important characteristics of effective leadership in the financial services industry and identifying the leadership values that differentiate financial services industry leaders. The Leadership Study looks at 28 separate scales of leadership and their complex interactions and uses Multiple Regression Analysis and Path Analytic Modeling to profile the interactions of the leadership scales and build a predictive model that will help financial services firms to identify individuals with the highest probability of success in leadership roles. “The value of the findings”, according to Dillahunty, “will be in saving companies dozens of staff hours in wasted interviews and expensive searches. The results should allow efficient identification of individuals who have the critical combination and proportions of characteristics and leadership traits that predict success in positions of leadership.”

Executives and managers of NASD and NYSE member firms who have revenue accountability can participate in the study. Qualified participants can register for the 30 minute survey at http://www.leadershipstudy.org. Only participants will receive the report of the findings: “Leadership Indices; New Insights on How to Identify and Quantify Financial Services Leadership”. Additionally, as an acknowledgment and thank you, participants will receive their choice of audio CDs of The Tipping Point or The Leader’s Edge. Responses remain confidential and used in aggregate form only.

Fixed Income Securities, LP (http://www.fisbonds.com) is the lead sponsor of the study. The National Association of Independent Broker Dealers (NAIBD, http://www.naibd.com) is also a sponsor.

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Jim Dillahunty

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