Large loss of AUM - Product Manager Fisch Asset Management Employee Review

Nice culture, flat structure, collaborative environment

None that I can point at

Salary used to be good. Currently 50% remote/home office possible.

In 2017 I was attracted by both, an innovative, small IT team and the company-wide open, transparent and collaborative work environment (such as unbureaucratic and supportive collaboration between departments, mutual respect, delegation/trust between management and subject matter experts, culture of knowledge sharing - e.g. portfolio management would present finance topics to new hires/non-finance people, tech talks between IT departments). Fast forward to 2023. CEO/CTO have introduced a culture of obsessive micromanagement driven by personal incentives (distributed according to uncommunicated/unknown/no measurable KPIs). As a consequence people obsess much more about individual interests, collaboration has suffered and employee fluctuation rates have been consistently above industry standards these recent years - it is said, people vote with their feet; and indeed they do. The company kind of went from "Four Musketeers" to "Wolf of Wall Street" to give you an (exaggerated) equivalent in popular movie culture so to say. I do not regret having worked there though. It was a great learning experience - not just with regards to technology but also cultural change. In terms of technology it is still an attractive employer for IT people. Personally though I consider the excessive micromanagement culture a red flag and a symptom of deep distrust by management towards their subordinates, in my opinion this is an absolute no-go.