S2E9 - Luke Wyse from Triumph Financial on The First 90 Days in a New IR Role

Starting a new role is stressful for any professional. It’s been proven that making a career change is one of your life’s most stressful events. With IR being such a critical function within a company, and with limited resources and increasing responsibility, the pressure to succeed and provide value early on is paramount. 

In this episode of Winning IR, Mark Fasken and Luke Wyse, Senior Vice President, Finance & Investor Relations at Triumph Financial, talk about the essential activities and strategies an IRO should focus on in their first 90 days in a new IR role. 

Listen to the episode to learn more about:

• What a new IRO should be doing in the first 90 days to set themselves up for success
• When a new IRO should start to make changes to the department or strategy
• How to get a deep understanding of the company story, and how to validate your understanding of the story
• How much time to spend with other leaders in the business, and what you should try to learn from other stakeholders
• How to know when you’re prepared to take investor meetings
• How to ensure that you’re adding value
• Setting and managing the IR budget

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Chapters

• 0:00 Luke Wyse
• 1:50 What a new IRO should be doing in the first 90 days to set themself up for success
• 8:36 The listening tour
• 9:32 When should an IRO start to make changes?
• 13:36 How to get a deep understanding of the company story
• 18:15 How much time should you spend with department heads?
• 19:51 How to validate your understanding of the story, and know when you're prepared to take investor meetings
• 22:50 What are you trying to learn from stakeholders?
• 25:35 How to ensure that you're adding value
• 33:23 Setting and managing the IR budget