The 92 Report
Show Notes: From Hiking to River Cruises Lauren Messmore opens the conversation by sharing her experience of hiking Hadrian's Wall in England with her husband, which she describes as a highlight of her international travels. She explains that her husband, an anglophile, had the idea and that she enjoyed the travel and training for the hike, and that she had also lived in England for a few years in the '90s. Lauren details her training routine, including walking six to seven miles two to three times a week and using hiking sticks. They used a service called Mac Adventure for the hike, which provided luggage transport and accommodations. Lauren mentions that after the hiking adventure, she and her husband have shifted to less arduous travel, such as river cruises. She describes a river cruise on the Danube, ending in Budapest, and an upcoming trip to France and Normandy. Starting a Career on Wall Street After graduation and a brief backpacking trip to Europe, Lauren launched into her career as an investment banking analyst on Wall Street. She talks about the challenges and excitement of her first day on the job. She contrasts the investment banking culture with her academic experience at Harvard, noting the strict adherence to rules and lack of creativity in the banking world. Lauren discusses her experience working in London and Madrid, including the unique challenges of being an American woman in a male-dominated field. A Career Shift to M&A in Madrid Lauren describes the transition to Madrid, where she worked on a mix of mergers and acquisitions and capital markets transactions. Lauren highlights the millennium bug and the subsequent acquisition of her office by Citigroup, which led to her move to Spain. She shares her experience of learning Spanish on the job and the importance of being fluent in English for international transactions. She also talks about the cultural and personal differences she experienced in business transactions and expectations while working at Citigroup and the difficulties she faced when she decided to leave Citigroup. Launching an Investment Banking Boutique Lauren talks about starting her own investment banking boutique in 2002. She explains the challenges of working in a small market like Spain and the cultural clash with the American banking model. Lauren describes the success of her boutique, which focused on private equity clients and independent advisory work. She mentions the financial crisis of 2008 and the impact on her business, leading to a liquidity event and her return to the United States. Returning to the U.S. Lauren talks about her return to the United States and the financial crisis's impact on her business, including the divestment of her solar farms. She describes the decision to cash out and the subsequent reinvention of her career in Boston. Lauren took a year off to recharge and plot a new course, eventually finding a strategic consultant role at a community bank. She became the CFO of the bank, which underwent a significant acquisition and went public, marking a shift from advisory to operational roles. The Current Career Path Lauren explains her current career path, focusing on creating a portfolio of Board of Directors positions. She describes the process of building this portfolio over three years and the satisfaction of having a busy but less demanding workload. Lauren emphasizes the importance of taking time off to recharge and plot a new course, especially after significant life changes. She shares her approach to setting New Year's resolutions, focusing on easy but impactful habits like daily flossing, drinking two cups of water, and daily stretching. Harvard Reflections When asked about a compliment she has never forgotten, Lauren shares a memory of being told she was a leader, which changed her self-perception. She emphasizes the importance of betting on oneself and encouraging others to do the same. She shares a few simple New Year's resolutions and reflects on the importance of small, repetitive routines and their cumulative impact over time. She mentions taking Spanish at Harvard, which turned out to be the most useful course for her career. Timestamps: 03:52 Lauren's Journey and Hiking Adventures 08:45: River Cruises and Early Career 13:14: Experience in London and Madrid 21:15: Starting Her Own Investment Banking Boutique 25:25: Return to the United States and New Career Path 32:51: Current Career and Board of Directors Positions 33:19: Offbeat Questions and Final Thoughts Links: LinkedIn: https://www.linkedin.com/in/lauren-messmore/ [https://www.linkedin.com/in/lauren-messmore/] Solar farm video: https://www.youtube.com/watch?v=9kI_s7NntQg [https://www.youtube.com/watch?v=9kI_s7NntQg] This episode on The 92 Report: *AI generated show notes and transcript
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