November 29, 2016 – London-based Hanover Search Group (HSG) has acquired Opus Executive Search of Los Angeles, which will operate under Antony Pitt as U.S. managing director. Financial terms of the deal were not disclosed.
Opus has experience in the U.S. wealth management sector and will operate from both the East and West coasts. The newly merged operation will benefit from Mr. Pitt’s knowledge within the wealth management market but also the additional scale, infrastructure and global reach that HSG will provide.
Prior to founding Opus Executive Search in 2012, Mr. Pitt was a recruiter with Willis Consulting. Before that he was a regional director with Alexander Lort Executive Search. Prior to that, he was a senior consultant with Hanover.
“I am immensely excited to be working with Antony again to help him grow Opus into the leading wealth management business in the U.S.,” said James Emmett, chief executive officer of HSG Group. “I am convinced that with the established HSG operating model and cross-selling opportunities we will quickly be able to establish a market leading platform in the U.S.”
“I am delighted to be teaming up with James and the entire Hanover team again,” said Mr. Pitt, managing director of Opus. “I was one of the first employees of Hanover Search Group when it launched in London back in 1996, so it does feel a little like ‘coming home’. This partnership will help us grow the Opus brand here in the U.S.”
Hanover Search Group is a global executive search specialist founded in 1996. With offices worldwide, the firm provides search expertise in insurance and the asset & wealth management fields. Its focus includes actuarial and risk to investment management, from audit and compliance through to marketing and technology.
The firm recently extended its reach into Asia by partnering with ALS International. Founded in 2002 with offices in Hong Kong, Singapore, Beijing and Shanghai, ALS specializes in the financial services, legal, and commerce sectors.
Expanding to America
As the fallout deepens in the post-Brexit world, the U.S. is looking more attractive to search firms headquartered in London who find they can just as easily expand their global search platforms to America. Here is a look at just a few of them taken from the Hunt Scanlon Media newswire archives:
- SRi (Sports Recruitment International) just expanded to the U.S. with the appointment of Steven Moser as a consultant. Mr. Moser becomes the first SRi appointment to be permanently based stateside, expanding the firm’s global reach that already includes bases in Australia, Canada, China, Germany, Singapore, Switzerland and the U.K. He is based in Phoenix;
- London-based executive search firm Nolan Partners, another sports industry recruiting specialist, expanded its operations to North America with the opening of offices in Los Angeles and New York and the appointment of Chad Biagini as managing director of North America;
- U.K.-headquartered Expand Executive Search recently launched its first U.S. office, establishing a presence in New York City. Executive search consultant Ollie Shipp heads the new location, relocating from the U.K.;
- London-headquartered executive recruiting firm eg.1 opened is first office in the U.S., establishing a location in New York City. The firm is led by Victoria Gumbley. She has assumed the title of vice president of North America, relocating from London to New York;
- London-based executive search firm Erevena opened its first U.S. office, establishing a location in San Francisco. The office is being led by partner Terry Shaw and principal consultant Max Levy, who relocated from London. Further additions the office are expected in coming months.
They join U.K.-headquartered search firms Marlin Hawk, Leathwaite, Sheffield-Haworth and Wilton & Bain that previously expanded to the U.S.
Contributed by Dale M. Zupsansky, Managing Editor, Hunt Scanlon Media