May 25, 2017 – Heidrick & Struggles has appointed Elizabeth Simpson as head of financial services in New York. Expanding on her duties as a partner in the firm’s financial services practice, Ms. Simpson will be responsible for driving Heidrick’s regional business development, collaborating across the organization’s complementary lines of business and mentoring and developing talent internally.
This is a new role for Heidrick. But Dan Ryan, the firm’s partner in charge for New York, who is the Americas managing partner for financial services, indirectly served this position beforehand.
“Identifying differentiating talent who can react nimbly to the rapid change in the financial space is more important than ever in today’s unpredictable operating environment,” said Ms. Simpson. “I look forward to building on Heidrick’s reputation for being at the forefront of leadership and talent in financial services.”
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Financial Services Leader
“Elizabeth has proven herself essential to the practice through her ongoing dedication, energizing leadership and willingness to bring new ideas to the front,” said David Boehmer, global managing partner of the financial services practice. “The New York market serves as a critical hub for the financial services sector, and having Elizabeth in this newly created role will help to accelerate our continued growth in the space and better serve our clients.”
Ms. Simpson specializes in senior-level finance assignments for publicly held and privately owned companies within the financial services industry. After nearly a decade with Heidrick & Struggles, she has focused on placements into CFO, controller, chief accounting officer, tax, director of financial planning & analysis, investor relations and treasury roles within financial services.
New York Market
New York City is the acknowledged headquarters of the U.S. financial industry. Besides the many major financial companies based there, it’s also home to a number of promising financial start-ups. Lower Manhattan, the third largest central business district in the U.S., is home to the world’s largest and second largest stock exchanges, the New York Stock Exchange and NASDAQ.
Trends toward convergence, consolidation and globalization have redefined the entire financial services industry, said Heidrick. Its financial services practice has completed thousands of assignments and covers all major industry sectors and functions across the financial landscape. The practice was created in 1988, and the majority of its financial services partners have worked directly in related industries.
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Last fall, Heidrick added Steven Greenberg as a partner in charge of the firm’s financial services practice, based in Tokyo. He also leads Heidrick’s efforts in the insurance sector, covering Asia Pacific and the Middle East. Mr. Greenberg has nearly 10 years of executive search experience in Japan and the Asia-Pacific region. He has recruited for all levels of senior management across insurance companies, investment banks, securities firms, asset managers and other financial institutions.
Mr. Boehmer was appointed to lead the practice last year. He has been integral to strengthening and growing the firm’s financial practice in the Americas and Europe. His portfolio of search and advisory work over the years spans senior front office and functional roles, including board, CEO, CIO, COO and general management positions across financial technology, payments, banking, asset management, hedge fund, capital markets, insurance and alternative investment clients.
“As globalization continues to impact financial services organizations, it is essential that executives have the leadership skills and talent to navigate constant change and uncertainty,” said Krishnan Rajagopalan, Heidrick’s acting president and CEO.
Contributed by Dale M. Zupsansky, Managing Editor – Hunt Scanlon Media