A CEO’s Personal Journey: An Interview with Sven Rischko, Founder and CEO of Kronos Advisory GmbH
In this insightful interview, we explore the exceptional journey of Sven Rischko, the Founder and CEO of Kronos Advisory GmbH, a prominent Multi Family Office. Sven shares the unique story of his path to success, driven by unforeseen circumstances and a relentless pursuit of excellence in the finance industry.
From Sports to Finance: An Unconventional Beginning
Sven’s journey into the finance sector began unexpectedly, originating from a background in competitive sports. After a successful career in figure skating and dancing, health issues forced him to reassess his future. He seized an opportunity by convincing a bank’s HR director to create an additional training position, which launched his financial career.
He later found success in MLM sales, earning substantial income. However, a moral decision to resign led to personal bankruptcy in 1999. Undeterred, Sven discovered his passion for wealth management and eventually founded Kronos Advisory GmbH, a company dedicated to representing the interests of asset owners.
Significant Accomplishments and Success Stories
- Building a high-performance team of experts, each surpassing his own skills.
- Securing a prestigious client, one of the world’s top 5 management consultants.
- Receiving the award “Best Multi-Family Office DACH 2023” from EU Business News.
- Gaining and maintaining the trust and satisfaction of clients – a key to long-term success.
Leadership Style and Approach to Growth
Sven describes his leadership style as highly entrepreneurial and results-driven. He fosters a work culture with no rigid schedules, encouraging team members to chart their own paths toward shared goals. Decision-making is collaborative, although Sven retains the final word when necessary.
Strategies for Market Differentiation
Kronos Advisory sets itself apart by providing personalized asset allocation across all asset classes. Sven emphasizes honest communication and a confident, client-facing approach. Unlike many firms, Kronos is not solely reliant on new client acquisition, which allows for direct and transparent dialogue with existing clients regarding investment strategies.
Overcoming CEO Challenges
One significant challenge was integrating a partner into Kronos Advisory. Sven successfully managed differing leadership styles and experience levels, resulting in a fruitful collaboration with Charles van Erp that further accelerated the company’s growth.
Guiding Values and Decision-Making
Sven is known for strong convictions, but he values constructive dialogue. Team members are encouraged to voice their views, and he is willing to change course based on compelling arguments—reflecting Konrad Adenauer’s principle: “What do I care about my statements from yesterday?”
Staying Informed and Future Vision
To remain a thought leader in the DACH region, Sven keeps a close watch on financial trends. Looking ahead, he aims to expand his expert team and reduce his day-to-day operational involvement, while maintaining strategic oversight.
Awards and Industry Recognition
- Best Multi-Family Office – DACH, European Enterprise Awards 2023
- Most Inspiring Business Leader 2023 – CXO Outlook
- Asset Structuring Specialist of the Year 2023
- Additional honors from ÖGVS and other institutions
Conclusion
Sven Rischko’s journey reflects resilience, entrepreneurial spirit, and a commitment to ethical leadership. Through Kronos Advisory GmbH, he has made a lasting impact on the financial industry—pushing boundaries while staying true to core values.