{"id":3228,"date":"2017-03-09T10:54:56","date_gmt":"2017-03-09T15:54:56","guid":{"rendered":"https:\/\/www.bu.edu\/questrom-magazine\/?page_id=3228"},"modified":"2017-04-20T08:11:49","modified_gmt":"2017-04-20T12:11:49","slug":"brian-smith","status":"publish","type":"page","link":"https:\/\/www.bu.edu\/questrom-magazine\/spring-2017\/brian-smith\/","title":{"rendered":"Brian Smith: Mister Multitasker"},"content":{"rendered":"<p class=\"intro\">The next time you need some advice on handling credit default swaps, battling an apartment-house fire, joining a Secret Service security detail, reviewing the budget for sidewalk maintenance, or producing a Broadway show, call Brian Smith. Or text him. He never misses a text message.<\/p>\n<p>Smith (BSBA\u201996) is a man of impressive talents and boundless energy. He is head trader at <a href=\"https:\/\/www.linkedin.com\/company\/blue-ridge-capital\">Blue Ridge Capital<\/a>, a multibillion-dollar hedge fund; the <a href=\"http:\/\/www.irvingtonny.gov\/index.aspx?NID=248\">mayor of Irvington, New York<\/a>, an affluent village 20 miles north of Manhattan; and a producer for the Broadway show <em>Spring Awakening<\/em>, which was nominated for a 2016 Tony Award for best musical revival. Smith has also served as a volunteer firefighter, a member of the Irvington volunteer ambulance corps, and a Westchester County deputy sheriff.<\/p>\n<p>\u201cI\u2019m 42, but I\u2019m still trying to figure out what I want to be when I grow up,\u201d he jokes.<\/p>\n<p>Longtime friend and coworker Michael Cairo, chief compliance officer at Blue Ridge Capital, sees Smith\u2019s diverse ambitions another way. \u201cHe\u2019s not afraid to try new things,\u201d Cairo says. \u201cNothing stops him, and I think that\u2019s pretty amazing.\u201d<\/p>\n<p>Smith isn\u2019t just a guy who does many things, Cairo adds, but a guy who does many things <em>well<\/em>. He is highly respected in his industry and in 2016 was voted hedge fund trader of the year by readers of <a href=\"http:\/\/www.thetradenews.com\/trade-magazine\/\"><em>The Trade<\/em><\/a> magazine. In 2015, Smith, a Republican, ran unopposed for his third two-year term as mayor in a heavily Democratic town. \u201cI take it as a compliment,\u201d Smith says, that Irvington\u2019s Democrats have yet to run a mayoral candidate against him.<\/p>\n<p>The son of an Army Reserve colonel, Smith was raised to appreciate the value of public service, and his outgoing personality and knack for problem solving make him a natural leader. While juggling a demanding career, public office, and a busy family life (his children are 11 and 14) leaves him little downtime, it\u2019s apparent Smith couldn\u2019t live any other way.<\/p>\n<div class=\"side-quote\">\n<h3 class=\"quote\">After joining Price Waterhouse, Smith began the rigorous training he\u2019d need to become a firefighter and an emergency medical technician. \u201cIt was a way to do something completely different\u2026 [it\u2019s] a completely different skill set from checking a group of numbers.\u201d<\/h3>\n<\/div>\n<p>After serving as senior class president at Irvington High School, Smith came to Boston University to study business. He chose to concentrate in accounting after a friend told him it was the best path to a job at the FBI. He eventually discovered that his nearsightedness made him ineligible for a career at the agency, but he has no regrets.<\/p>\n<p>\u201cI had a professor who said if you have an accounting degree, you can do anything in business,\u201d Smith says. \u201cWhen you understand the numbers, a lot of the other stuff becomes easy.\u201d<\/p>\n<p>His first job after college was as an auditor with the accounting firm <a href=\"http:\/\/www.pwc.com\/us\/en.html\">Price Waterhouse<\/a>, where his notable clients included <a href=\"http:\/\/www.nasdaq.com\/quotes\/institutional-portfolio\/tiger-management-llc-28592\">Tiger Management<\/a>, one of\u00a0the world\u2019s largest hedge funds. Soon after joining Price Waterhouse, Smith began the rigorous training he\u2019d need to become a firefighter and an emergency medical technician. \u201cIt was a way to do something completely different\u2014something physical, as well as a completely different skill set from checking a group of numbers to a different group of numbers,\u201d he says.<\/p>\n<p>It also fulfilled Smith\u2019s passion for public service and introduced him to a variety of like-minded people. As in many small towns, the fire department and ambulance corps in <a href=\"http:\/\/www.irvingtonny.gov\/\">Irvington<\/a> (population 6,420) are made up entirely of volunteers. Those with day jobs in the village respond to their pagers and the sound of the village fire horn during the day, and those with jobs in Manhattan and elsewhere respond at night. The fire department comprises about 50 men and women from all walks of life: custodians for the local school district, an insurance salesman, a PhD student, a paramedic with the New York City Fire Department.<\/p>\n<p>\u201cWhen you were around accountants and lawyers all day,\u201d Smith says, \u201cit was refreshing to be around guys who had a whole bunch of different careers.\u201d<\/p>\n<p>Responding to car accidents and 3 a.m. fire alarms apparently wasn\u2019t enough to fill Smith\u2019s leisure time, so he also began volunteering as a part-time deputy sheriff. The job mostly entailed directing traffic at parades, but Smith also joined presidential security details and was assigned to two Secret Service agents the day Hillary Clinton announced her US Senate candidacy. Just hours after the terrorist attacks on September 11, 2001, he was sent to help secure a nuclear power plant, and in the following days he helped provide security at Westchester County Airport.<\/p>\n<p>Contributing to his community had never felt so good, he says. \u201cIt was like therapy after 9\/11.\u201d<\/p>\n<p>By 2001, Smith had left Price Waterhouse for Blue Ridge Capital, a global hedge fund run by renowned investor John Griffin. The company\u2019s 12th employee, Smith began as Blue Ridge\u2019s controller, a jack-of-all-trades role that allowed him to work in many aspects of the business. \u201cBut I knew quickly that I liked the trading side of it,\u201d he says, \u201cso I tried to position myself toward trading.\u201d<\/p>\n<p>In 2004, the company\u2019s head trader left, and Smith stepped into the job. \u201cWhen our analysts give the portfolio manager ideas, the trading desk\u2014which is what I head up\u2014is responsible for implementing them,\u201d he says, through such actions as buying options or currencies or shorting stocks.<\/p>\n<div class=\"sidebar\">\n<h3>How to be a Great Mayor\u2014or Boss<\/h3>\n<p>\u201cIt is very important to engage in constant communications with residents.\u00a0The longer residents feel unheard, the larger the issues grow, often with misinformation and rumor being substituted for the information that the residents need and deserve.\u00a0So, a lot of it is about establishing trust. Things go wrong, the government screws up, I personally screw up or miss things, you have to be honest not defensive\u2014then you gain trust.\u00a0 When you have the trust, people listen to what you have to say and,\u00a0even if they disagree, we can move forward together.\u00a0This is not just for a mayor with residents, I think it applies to anyone in a leadership role.\u00a0People hate surprises and they like to feel connected, that they have a say in what is happening.\u201d\u2013Brian Smith<\/p>\n<\/div>\n<p>Smith enjoys the variety of work he does. \u201cOne day you might be trading in India, and the next day you\u2019re pricing some kind of derivative product you\u2019ve never heard of,\u201d he says. It\u2019s also a social job. \u201cWe still talk on the phone a lot. Even the millennials talk on the phone in our business.\u201d<\/p>\n<p>Unlike accounting, where a mistake can be fixed as long as it\u2019s caught before month\u2019s end, trading leaves no room for error. \u201cIt can be stressful at times,\u201d says Cairo, \u201cbut Brian\u2019s got a laid-back approach, where he doesn\u2019t get tense, as other people might, and he\u2019s able to handle those situations.\u201d<\/p>\n<p>Smith\u2019s unflappability is an asset in his other role, as mayor. \u201cIf somebody comes at him with a lot of emotion or a lot of anger,\u201d says Smith\u2019s wife, Keira Smith, \u201che doesn\u2019t take it personally.\u201d He\u2019s adept at defusing highly charged situations, helping everyone involved to calmly talk things through, she says.<\/p>\n<p>\u201cThe biggest\u00a0technique is not allowing yourself to get upset\u2014you have to remain calm, even if you feel yourself getting angry,\u201d says Smith. \u201cIf you can explain your actions, your views, whatever you are explaining,\u00a0in a calm and respectful manner, most audiences\u2014from a single person to\u00a0a room of angry residents\u2014become disarmed and you can switch to having a meaningful discussion. The calmness is not a lack of passion; the calm exudes competence and knowledge of the issue. The key is this has to be sincere, you cannot fake calmness or caring\u2014you have to care about the issue because it is important to the person with the issue.\u201d<\/p>\n<p>Smith ran for a seat on Irvington\u2019s board of trustees in 2009 because he believed the village needed more leaders with financial expertise. He served briefly on the board and ran for mayor in 2011. A paid administrator oversees the village\u2019s daily operations, so the mayor\u2019s responsibilities are broader in scope, says Smith. \u201cYou set the agenda and come up with the big themes that everyone is working on.\u201d Although Smith says he\u2019s delivered \u201cannual budgets that are both low and sustainable,\u201d it\u2019s not his proudest achievement as the village\u2019s elected head. In 2005, Irvington had a tied vote for mayor. Smith says it sparked fights over ballots and a rift along party lines that took years to heal. More than a decade later, that\u2019s all changed. \u201cI think I am most proud of the level of decorum in our meetings\u2014between board members as well as the general public\u2014and the general feeling in Irvington that we are all pulling the same way, even if we do have disagreements.\u201d He credits his ability to listen to both sides of an argument as a factor in the improved community relations.<\/p>\n<p>\u201cThe key is to listen to the counterview more than your own, listen enough to ensure you fully understand the issues from their point of view.\u00a0It is\u00a0always very enlightening and often helps shape or soften your own view.\u201d<\/p>\n<p>For now, Smith\u2019s firefighting and sheriff\u2019s work are on hold. \u201cWestchester County doesn\u2019t let you be a part-time sheriff if you\u2019re an elected official,\u201d he says. \u201cAnd with the firefighting, once I became mayor, it just felt weird\u2014since you\u2019re technically the fire chief\u2019s boss\u2014to show up on scene dragging hose.\u201d<\/p>\n<p>Relinquishing these duties has left him with time to fulfill his mayoral duties and to pick up a few new hobbies, including brewing his own beer and producing Broadway shows. Being a producer requires little more than writing checks, he says, so it doesn\u2019t take much time but has provided an education into the art and the business of theater. He\u2019d gotten involved as a backer of a <em>Godspell<\/em> revival\u2014the executive producer had encouraged investors to give as little as $1,500 and Smith was a fan of the play\u2014and has since supported two other productions. One was the Tony-nominated revival of <em>Spring Awakening<\/em>. \u201cI am very happy to have been associated with <a href=\"http:\/\/www.deafwest.org\/\">Deaf West Theatre\u2019s<\/a> production,\u00a0which mixed hearing and non-hearing actors,\u201d says Smith. \u201cIt was truly a piece of art and made a very powerful statement about being a teenager and not being heard by adults and society. I wish it could have run forever.\u201d<\/p>\n<p>It may seem as though Smith\u2019s juggling act takes up his entire day, but he still makes time to pick up his son from wrestling practice and take long family vacations, thanks in part to a six-minute commute to the office and the beauty of email and electronic calendars (and text messaging). Besides, Smith didn\u2019t have the patience to wait until retirement to become involved in his community. \u201cWhen you\u2019re younger,\u201d he says, \u201cyou have so much more energy, and you can make the time. You can make it work. You feel like you really belong to somewhere.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The next time you need some advice on handling credit default swaps, battling an apartment-house fire, joining a Secret Service security detail, reviewing the budget for sidewalk maintenance, or producing a Broadway show, call Brian Smith. Or text him. He never misses a text message. Smith (BSBA\u201996) is a man of impressive talents and boundless [&hellip;]<\/p>\n","protected":false},"author":10779,"featured_media":0,"parent":3172,"menu_order":14,"comment_status":"closed","ping_status":"closed","template":"story.php","meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Brian Smith: Mister Multitasker - Questrom Magazine<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bu.edu\/questrom-magazine\/spring-2017\/brian-smith\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brian Smith: Mister Multitasker - Questrom Magazine\" \/>\n<meta property=\"og:description\" content=\"The next time you need some advice on handling credit default swaps, battling an apartment-house fire, joining a Secret Service security detail, reviewing the budget for sidewalk maintenance, or producing a Broadway show, call Brian Smith. 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