January 24, 2017 – AltoPartners, an international alliance of independent executive search firms and leadership consultants, has expanded into India with the recent merger of Accord Group India and Stanton Chase India. The firms will relaunch as Accord | India.
The combination brings AltoPartners’ Indian business footprint to six offices in Mumbai, Delhi, Gurgaon, Bangalore, Chennai and Kolkata and enhances the organization’s global footprint to 58 offices across 35 countries.
The merger will result in Accord | India deepening and further leveraging senior candidate access and engagement in India and across the globe. It also allows additional investment in more specialized verticals and services and enhances its research capability in industry sub-sectors.
|Check out our latest upload from AltoPartners|
Accord | India will be chaired by Dr. BP (Bish) Agrawal, chairman of Stanton Chase India and widely regarded as a pioneer of organized search and selection in India, while Sonal Agrawal and Toral Patel will remain managing partners of the firm. The firm’s team of 45 professionals is comprised of senior level consultants and researchers covering consumer retail & services; digital media and entertainment; healthcare & life science; industrials & infrastructure; financial & professional services; technology & telecom; and real estate.
“While increased scale and size are attractive, the real driver for this merger is to increase our capability to serve clients better by covering more areas within the client and candidate spectrum in executive search, as well as build out additional service offerings,” said Ms. Agrawal. “We are also selectively hiring in specialist areas.”
According to the International Monetary Fund (IMF), the Indian economy was nominally worth $2.2 trillion. It is the seventh largest economy by market exchange rates and third largest by purchasing power parity. Major industries include textiles, telecommunications, chemicals, pharmaceuticals, biotechnology, food processing, steel, transport equipment, cement, mining, petroleum, machinery, and software.
In addition to India, AltoPartners has a presence across Asia-Pacific with offices in Australia, China, Japan, the Republic of Korea and New Zealand and it maintains a strong presence across the Americas, Europe, Middle East and Africa.
In addition to growth in India, AltoPartners recently expanded in Russia when it gained Excelion Partners International as a partner 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, is AltoPartners’ Russia country manager.
In October, it 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.
The firm 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