CFR Global Executive Search Adds New Partner in Canada
March 7, 2022 – CFR Global Executive Search has added executive search firm PIXCELL in Montreal as its newest partner. This strategic partnership will allow PIXCELL to draw on CFR’s international executive network and enhance its service offering. “As the shortage of skilled labor persists, there is a growing need for executive recruitment in Canada,” said CFR. “It has thus become crucial for companies to have access to a large pool of highly qualified, specialized talent.”
Founded in 2016, PIXCELL focuses on the Montreal, Toronto, and Quebec City markets. PIXCELL’s team of five consultants has expertise in numerous industries, including information technology, manufacturing, retail and distribution, finance, and the public and parapublic sectors.
In a study conducted during the pandemic by Lifeworks and Deloitte Canada, nearly a quarter (23 percent) of the 1,200 executives surveyed said that they were considering quitting, and 82 percent said that they felt physically and mentally exhausted at the end of the workday. “Yet, now more than ever, companies need talented executives and managers to manage organizational transformation by guiding their teams and navigating the next stages of growth with tact and care,” CFR said.
“We are very pleased to be working with CFR Global Executive Search,” said François Piché-Roy, managing partner and president of PIXCELL. “This partnership will bolster our support for clients who are looking to expand their operations globally, giving them better access to an international pool of candidates. The demand for competitive positions is growing, especially in the current climate, in which so many executives are experiencing burnout and leaving their jobs.”
“Now that technology allows us to collaborate and manage affairs remotely, our work has become global, and this partnership with CFR represents another lever for overcoming our challenges,” Mr. Piché-Roy said. “On a personal note, I am delighted to be able to work with Jorge Segovia Fernandez and Carl Denny, our exclusive partners in Mexico and the U.S. Together, we are creating a strong North American network.”
“CFR Global Executive Search is extremely pleased to be expanding its reach in Canada with PIXCELL,” said Rašo Pazarkić, CEO of CFR Global Executive Search. “We are delighted to be working with this elite firm, which has a proven track record in its local market and a solid understanding of global challenges. We have been building an international network of independent recruiters for over 20 years. Given the unprecedented shortage of skilled labor caused by the pandemic, building bridges across borders is more critical than ever.”
Top Canadian Markets
Montreal has the second largest economy of Canadian cities based on GDP and the largest in Quebec. Last year, Metropolitan Montreal was responsible for $118.7 billion (Canadian) of Quebec’s $340.7 billion (Canadian) GDP. The city is today an important center of commerce, finance, industry, technology, culture, and world affairs. It is also the headquarters of the Montreal Exchange. Industries include aerospace, electronic goods, pharmaceuticals, printed goods, software engineering, telecommunications, textile and apparel manufacturing, tobacco, petrochemicals, and transportation.
Toronto is an international center for business and finance. Generally considered the financial and industrial capital of Canada, Toronto has a high concentration of banks and brokerage firms on Bay Street in the Financial District. The Toronto Stock Exchange is the world’s seventh-largest stock exchange by market capitalization. The five largest financial institutions of Canada, collectively known as the Big Five, have national offices in Toronto. The city is an important center for the media, publishing, telecommunication, information technology, and film production industries; it is home to Bell Media, Rogers Communications, and Torstar. Other prominent Canadian corporations in the Greater Toronto Area include Magna International, Celestica, Manulife, Sun Life Financial, the Hudson’s Bay Company, and major hotel companies and operators, such as Four Seasons Hotels and Fairmont Hotels and Resorts.
Founded in 1997, CFR Global Executive Search is a growing alliance of independent executive search companies. It has a network of over 350 consultants from 30 countries across the world. Features of the CFR service include: strategic positioning of its international offices; in-depth understanding of client needs; customized and confidential search to suit local cultures; selected advertising to suit the campaign, such as international, national, local, or specialist media; competency-based interviews; high-quality shortlists; assessments; and post-placement follow-up.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; and Stephen Sawicki, Managing Editor – Hunt Scanlon Media
