July 24, 2020 – Executive recruitment firm Bay Street Advisors has opened a new office in London, marking its first location outside the U.S. The office will be led by industry veteran John Rumsey, who will serve as managing director.
The move comes at a time when Bay Street is strategically growing its business and looking to better serve its growing international client base with a local presence in the U.K. and Europe. In his new role, Mr. Rumsey will coordinate all Bay Street Advisors’ global mandates across the region and practices.
“All Bay Street clients and mandates that our teams execute have global needs, and we are in an era where every project requires us to source and integrate global talent solutions accordingly,” said Larry Baum, CEO of Bay Street Advisors. “Opening a London office is a natural part of Bay Street’s ongoing growth strategy. We are very excited to further build out our footprint internationally and add one of the most highly respected teams in human capital solutions in the asset management industry.”
Mr. Rumsey joined Bay Street Advisors from Westwood Partners, a retained specialist boutique search firm focusing on senior financial placements, where he was a principal. He also has experience of interviewing both as a journalist and in the search industry with a strong specialization in finance especially asset management and capital markets. Mr. Rumsey haswork experience spanning London, New York and São Paulo (Brazil) and have written for publications including the Financial Times, The Economist, Euromoney, Institutional Investor and Absolute Return magazines.
Expanded Diversity Task Force
In addition, Bay Street has expanded its cross-disciplinary diversity task force to optimize diversity outcomes across the talent search process at all levels. The initiative will feature a board comprised of firm leadership from a variety of industries, specialties and job functions. The effort will be led by Patricia Muller, a prominent figure in financial services and capital markets diversity initiatives. “Diversity has been a hot topic in the financial services industry for a long time, but we have reached a tipping point,” Ms. Muller said. “It’s time to move from talk to action.”
“As is the case with so many industries, the global pandemic has caused major disruptions for companies, job seekers, and executive recruiters alike,” Ms. Muller added. “Bay Street is positioned ideally to serve clients and candidates when the market inevitably recovers with our recent talent additions, launching of a London office and longstanding commitment to diversity.”
In March, Bay Street Advisors added Ms. Muller as partner and head of the firm’s asset management practice. She more than 20 years of experience in the asset management and financial services industry. Most recently, she was a co-founder of Westwood Distributors LLC and later became a partner in the asset management practice at Westwood Partners, specializing in senior-level recruiting and advising across the full spectrum of asset management.
“Having Patricia on board will be a game changer for our firm and will enable us to better serve our clients with cutting-edge market intelligence and recruiting expertise across all aspects of asset management,” said Larry Baum, founder and CEO of Bay Street Advisors. “Patricia shares our dedication to our clients’ success and is a fantastic fit with our collaborative culture. We welcome her to the Bay Street family and look forward to her contributions to building our firm.”
Serving the Financial Services Industry
Bay Street Advisors specializes in the financial services industry. The firm is an independent and privately-held partnership that is composed of seasoned professionals from the investment banking, asset management, executive search, financial technology and strategic consulting industries. The firm’s brand mission is to provide premium executive search services to a select group of clients which include global investment banks, financial advisory firms, private equity investors, hedge funds, and insurance companies, among others. Core to Bay Street Advisors’ mission is its research department dedicated to developing best in class market intelligence.
Bay Street Advisors is led by Mr. Baum, managing partner and head of the firm’s capital markets practice. He founded the firm in 2009 after a nearly 20-year career in various trading and management positions with global investment banks. Most recently, he led global foreign exchange trading at Bank of America, overseeing a staff of more than 100 professionals across the globe. Leveraging his experience in establishing and leading global institutional platforms, Mr. Baum formed Bay Street Advisors to provide investment banks and alternative asset managers with comprehensive advice and additional resources to build their own world-class businesses. He began his career at Citibank.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; and Stephen Sawicki, Managing Editor – Hunt Scanlon Media