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TOP STORIESBehold the executive search survivors18 June 2009By Sarah Butcher The great waning in financial services firms’ urge to hire has taken its toll on headhunters. But with recruitment finally starting to pick up again, some firms are emerging stronger and more diversified than before. They include the search firms below, all of whom have added headcount since the crisis began. Let us know if you think we’ve omitted anyone from the list. The UK-based international financial services boutique has survived the ultimate test: opening an office in the US and living to tell the tale. Its New York office opened in 2004 and, combined with offices in Dubai, Delhi, Hong Kong and Mumbai, now generates 40% of the firm’s revenues. Headcount is up 10% since the start of the crisis. 2). Omerta Group Originally a London boutique focused on structured credit, Omerta now has offices in Hong Kong and Moscow too and has expanded its reach to include commodities, cash equities and risk. Managing director Jason Mort says they’ve added headcount in research across Europe and Asia and have taken advantage of rivals’ weakness to strengthen their position. “The hiring market has improved but we take nothing for granted. We have accepted reduced revenues in the lean times in expectation of increased business in the upturn,” says Mort. 3). Hammond Partners Traditionally known for its strength in equities, Hammond has expanded to cover all areas of the market. Chief executive Paul Hammond says they’ve added seven people since the crisis began and have come through thanks to being “well capitalized.” 4). Execuzen Founded in London 2000, Execuzen now has offices in London, New York, Hong Kong, Mumbai and Moscow. Founder and managing director Adrian Ezra says London headcount has increased during the downturn. Last month, the company hired Andrew Fox former senior consultant at Carrington Fox. ‘I am cautiously optimistic about things going forward,” Ezra says.
COMMENTSFlaming Banker, Commodities, Thu 18 Jun 09"optimistically cautious" what an oxymoron! Add your comment »Mr Search, HR & Recruitment, Thu 18 Jun 09No mention of the 25% paycuts allegedly enforced globally at Sheffield Haworth at the end of last month.......no surprise. Add your comment »MR Search, HR & Recruitment, Thu 18 Jun 09That's funny as Execuzen had allegedly given people an option of being sacked or staying on commission only. Hardly a sign of being of growth. Add your comment »HH, HR & Recruitment, Thu 18 Jun 09Beieve none of what you hear and only half of what you see. How true!!! Add your comment »Confused!, Derivatives, Thu 18 Jun 09Execuzen have hired someone from Carrington Fox! Add your comment »Kirsty, HR & Recruitment, Thu 18 Jun 09These comments are brilliant! and so true! Add your comment »steve, Quantitative Analytics, Thu 18 Jun 09My firm should be on this list as it grew rampantly during the recession. Last month alone, I increased headcount by 100%.
Tommy, Research, Thu 18 Jun 09These firms pay their consultants what they are worth!
AE, HR & Recruitment, Thu 18 Jun 09its funny though - everyone hates recruiters - then the recession hits and everyone is calling you as your best friend. Add your comment » |
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