December 21, 2015 – Boutique financial executive search firm Core-Asset Consulting has been appointed by Kiltearn Partners, a global equity asset manager, as its sole recruitment partner. Last year, the executive recruiter signed a similar agreement with Alliance Trust.
The partnership gives Kiltearn Partners access to Core-Asset’s existing recruitment infrastructure, as well as additional specialist support including HR advisory services, candidate testing, employee training and salary benchmarking. It also provides the asset manager with contingency sourcing, executive search and temporary recruitment services.
Kiltearn Partners LLP was incorporated in 2011 by Murdo Murchison and his founding partners and offers a single global equity program, managed with a value investment philosophy.
Betsy Williamson, managing director of Core-Asset Consulting, said: “Kiltearn Partners has recognized that dealing with a raft of different recruitment firms isn’t always the most effective, efficient and cost-effective approach. Traditional multi-agency structures are often characterized by low engagement between client and agency, can be difficult to manage, and suffer from high candidate attrition rates. By supporting Kiltearn on an exclusive basis, we are able to better match candidates to the roles.”
“Kiltearn Partners is a boutique equity investor focused solely on global value,” said Stuart Gunderson, Kiltearn’s chief operating officer. “Our size makes the attraction, retention and development of talent more critical to us than larger, more established players. We were greatly impressed by the level of knowledge that Core-Asset Consulting has about the asset management industry and by its enlightened approach to recruitment. This partnership should ensure that we not only hire the best people in the market but also – through Core-Asset’s HR and training support – retain and develop them as well.”
Some private equity firms have gone so far as to develop recruiting teams in-house. This past summer, Global Equity International and its subsidiary Global Equity Partners Plc, providers of corporate restructuring and financial and corporate advisory solutions, launched Kingsman James, an executive search division to be led by recruiting professional James Payne. Kingsman James specializes in the construction and banking sectors, delivering a range of executive search capabilities and leadership solutions services to the portfolio companies of Global Equity International and its subsidiary.
The private equity sector is now considered one of the fastest growing practice segments in the executive recruiting industry. Private equity firms have been involved in some of the most notable business deals of the last two decades, but where the action seems to be centered for the boutiques is around smaller, less well-known portfolio companies that make up a widening universe of investment vehicles for private equity firms like TPG, Bain Capital, Silver Lake Partners, Carlyle Group, Kleiner Perkins, Huntsman Gay, Blackstone Group, General Atlantic, Khosla Ventures, and a slew of others.
Aside from the big-branded executive recruiters, all of whom devote significant time and manpower to talent acquisition initiatives throughout the PE space, boutique search firms working alongside these investment brands to provide talent up and down the functional scale include: Benchmark Executive Search, NorthWind Partners, ZRG Partners, JM Search, Howard Fischer Associates, 680 Partners, Bespoke Partners, CarterPierce, F.S. von Stade & Associates, Jamesbeck Global Partners, Braddock Matthews, The Flatiron Group, The Corrigan Group, SPMB, Amity Search Partners, SG Partners, Oxbridge Group, Weatherly Group, True, Hobbs & Towne, Waverly Partners, Westwood Partners, Park Square Executive Search, Henkel Search Partners, Whitney Partners Executive Search, Juno Search Group, Long Ridge Partners, Pinnacle Group International, and countless more.
Contributed by Dale M. Zupsansky, Managing Editor, Hunt Scanlon Media