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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.
COMMENTSOlly, HR & Recruitment, Thu 18 Jun 09I love the 'more diversified than before' comment Sarah!
james, Debt / Fixed Income, Thu 18 Jun 09Wait...Lehman's collapsed? That's the type of thing my research department should tell me.
Energy, Commodities, Thu 18 Jun 09As a firm we are having our best year yet. My portfolio and personal billing are already twice that of the 2007 peak.
allsosad, FX & Money Markets, Thu 18 Jun 09I heard that the Sheffield Haworth heavyweights poached some big hitters from Office Angels. Add your comment »IBTechman, HR & Recruitment, Thu 18 Jun 09Any data on Banking Technology focussed firms Sarah? Add your comment »ponterotto, Derivatives, Thu 18 Jun 09All the girls from these places are do damn cute. Add your comment »ponterotto, Derivatives, Thu 18 Jun 09just check out the pics if you are too rubbish to get contacted by them
Tournant, Information Technology, Fri 19 Jun 09very strange .... I thought there were more resources than jobs.. why are they being hunted.. are they killed when caught? it is a very cruel way to reduce unemployment Add your comment »Jim, Equities, Fri 19 Jun 09Seriously can we focus on the main point...What has happened to Lehmans? I bet all my banks money on them. Oh well Im sure the government will help me out. Add your comment » |
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