For institutional investors, a large part of a CIO's job description is marshalling a virtual org chart. A CIO's team likely includes money managers, trustees, custodians, risk management specialists, portfolio performance specialists, trading desks, overlay services, asset liability modeling pros and more. It's a lot to handle. Which leads me to this question: If all those capabilities are the responsibility of a CIO, then shouldn't they all be the responsibility of outsourced CIO?