Hanover Search Group Expands Wealth Management Practice

August 11, 2016 – As part of its continuing expansion efforts, London-based Hanover Search Group (HSG) has named Paul Merlin as associate partner in the firm’s wealth management practice. Mr. Merlin has worked on a large number of search assignments in the wealth management arena for over 14 years. He has an exceptional track record of delivery with his main expertise being in distribution. After running his own search firm for six years, he recently joined Hanover to add depth to an already established team.

“Paul joins the business as part of our continued desire to bring in exceptional talent from the market,” said Stephen Phipps, group director. “He has a high degree of expertise in his field and will immediately enhance our client and candidate proposition”

Hanover Search Group is a global executive search specialist founded in 1996. With offices worldwide, the firm provides search expertise in insurance and the asset & wealth management fields. Its focus includes actuarial and risk to investment management, from audit and compliance through to marketing and technology.

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Hanover Search Group recently extended its reach into Asia by partnering with ALS International. Founded in 2002 with offices in Hong Kong, Singapore, Beijing and Shanghai, ALS specializes in the financial services, legal, and commerce sectors.

The firm also named Harry Bromacombe as a senior consultant. He focuses on senior and strategic finance and accounting assignments across the U.K. insurance and asset management sectors. During his career he has placed a number of senior hires across the insurance and investment management markets at head of finance, CFO and finance director levels both in the U.K. and internationally. Mr. Bromacombe previously developed the finance, accounting and operations practice at U.K. recruitment firm Argyll Scott.

David Barrett, a managing partner with New York-based David Barrett Partners, a boutique specialist search firm focused on the investment and wealth management sector, said: “Recruiting top talent in our space has always been challenging and even with ongoing advances in technology and the proliferation of third-party candidate databases, it will not get easier.”

The investment and wealth management area is a very high paying industry and if someone is successful in it, he said, there will often be little incentive or reason to consider a move. “That means recruiting in the sector can be fraught with obstacles, bumps in the road, and more likely than not – pure frustration.”

Contributed by Dale M. Zupsansky, Managing Editor, Hunt Scanlon Media

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