November 9, 2016 – AltoPartners, an international alliance of independent executive search firms and leadership consultants, has added Russian executive search and leadership consulting firm Excelion Partners International as its newest member firm.
Excelion has been operating in Moscow since 2010 and is a niche player for international companies moving to, or operating in, Russia and for Russian companies and /or investors expanding globally. Yevgeny Merkel, Excelion’s senior partner, becomes AltoPartners’ Russia country manager. With 15 years of experience in executive search, management assessment and strategy consulting, Mr. Merkel works for clients across the industrial, technology, consumer, life sciences and private equity sectors.
“Russia plays a significant strategic role for many of our international partners and clients and we are confident that the addition of Excelion Partners will elevate the international business reach and focus within our alliance,” said Stephen Dallamore, AltoPartners’ global chairman. “We are following an aggressive growth strategy to ensure that our international alliance has highly regarded partners in the right locations, which benefit our clients, candidates and partners.”
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“Russia, with all its economic ups and downs, nevertheless remains one of the biggest economies in Europe and is hard to ignore for any international business looking for growth opportunities,” said Mr. Merkel. “Our recent survey of more than 220 international companies currently operating in Russia showed that 62 percent of respondents continue to see Russia as a long-term strategic market, which presents tremendous opportunities for our industry. We are proud to join the global alliance of AltoPartners and look forward to engaging with all our colleagues in the network to help navigate in Russia as well as support our Russian clients to expand globally.”
Russia has an evolving market economy with enormous natural resources, particularly oil and natural gas. It has the 15th largest economy in the world by nominal GDP and the 6th largest by purchasing power parity (PPP). Since the turn of the 21st century, higher domestic consumption and greater political stability have bolstered economic growth in the country. Nevertheless, it remains a risk environment for recruiters looking to expand in the region.
In addition to its new office in Russia, AltoPartners has a significant presence across Eastern Central Europe with offices in Austria, Czech Republic, Hungary, Poland, Romania and Slovakia. Its total alliance now has 55 offices in 35 countries.
AltoParters recently added Backer Wurzel & Partners in Argentina and Equation Partners in Peru as member firms. Founded in 2012, Backer Wurzel & Partners focuses on helping CEOs and senior directors in leveraging performance and effectiveness at both management team and individual levels. The firm has an integrated portfolio of two services: executive search and team performance (effective teams, executive coaching and culture). Equation Partners provides executive search services to a wide diversity of sectors and industries (financial sector, retail, real estate, telecommunications, health and life science, energy, construction, mining services, manufacturing industry and nonprofit organizations).
AltoPartners also recently added Seoul-based Korean search firm Pathfinder and Swiss executive recruiters MPB Recruitment Group AG, as its newest member firms. The organization said the business development opportunities that exist in both Korea and Switzerland are of strategic importance for existing clients and partners in the alliance.
AltoPartners also added Budapest-based executive search firm AP Accord Group ECE Hungary as a member firm. Accord Group Hungary offers executive search services and expertise across a number of industries, including information & communications; technology / telecommunications (including industrial automation); manufacturing (automotive, electronics); media; as well as banking and financial services.
Contributed by Dale M. Zupsansky, Managing Editor, Hunt Scanlon Media