April 21, 2017 – London-headquartered executive search firm Hedley May and New York-based Exchange Place Partners have merged. The alliance creates a global oriented search firm and Exchange Place will retain the Hedley May name. The merger will allow the newly combined search firms to execute senior functional and leadership searches for multinational companies, financial institutions, professional services firms and regulatory clients across the globe.
“We have collaborated closely with Exchange Place for many years,” said partner Nick Hedley. “It is very exciting to cement a long-trusted relationship that has already resulted in the completion of a series of highly successful international searches.” Clients, said partner Anthony May, are looking for high quality advice “outside the ‘old style’ generalist search firm structure. As an international boutique search firm, we can now deliver the same high-touch service our clients have come to expect but on a truly global basis.”
Beyond the global footprint, the Hedley May partners said they remain committed to inclusion and diversity in their work. “We are proud of bringing inclusion and diversity to the highest levels of our clients’ organizations,” said partner Laura McPhail, who pointed to the firm’s impressive diversity placement rate track record in the U.S. which stands at over 55 percent.
Founded in 2009, Hedley May specializes across functional and advisory roles in areas including compliance, risk, finance, audit, human resources, reward, legal, governance, marketing, communications, operations and cybersecurity.
Also founded in 2009, Exchange Place and its partners Regina Glocker, Laura McPhail and Vanessa de Samamé provide financial services and corporate clients with talent across senior business leadership roles. They share a reputation for diverse hires and are well-known for their expertise in audit, compliance, finance, human resources, legal and risk searches.
Mergers and Partnerships Continue In the Search Industry
There have been a number of mergers among executive search firms since the start of the year. Some provide national expansion opportunities, others more global reach, while still others allow for additional solutions offerings for clients requesting a full suite of talent management services.
Vancouver, BC-based executive search firm Goldbeck Recruiting recently joined forces with Merc Saudi, an international recruitment firm headquartered in Guadalajara, Mexico with extensive recruiting operations throughout Latin America and the Middle East. Merc provides recruiting services to an expansive number of sectors, including accounting & finance; automotive; banking; business support; constructive & engineering; facilities management; financial services; human resources; IT & telecommunications; insurance; legal; and logistics & supply chain. Goldbeck’s team specializes in placements from eight recruitment divisions: sales & marketing; engineering & skilled trades; healthcare & biotech; accounting & finance; industrial & construction; production & operations; information technology; and executive search.
Just last month, two specialists, The Buffkin Group and long-time higher education specialist Baker and Associates, joined forces. Now known as Buffkin/Baker, the newly-merged creation boasts offices in Nashville, its headquarters, as well as Chicago, New York, Winston-Salem, Charleston and Washington, D.C. Aside from giving it more bulk geographically, the combination has given the resulting business broadened synergies to search for leaders across a number of disciplines, including healthcare, technology, private club, digital media, digital marketing, financial services, academia and non-profit.
In February, La Fosse formed an alliance with Intelligent Partners, a provider of research and education on alternative investments. Through the partnership, La Fosse will serve as a ‘talent partner’ to the firm. It turned to the search firm, it said, because of its expertise in the technology and digital sectors.
SRiCheyenne was recently launched following the January merger of U.S.-based media and content recruitment provider, Cheyenne Group, and UK-headquartered SRi (formerly Sports Recruitment International).
Also in January, executive search firms Thomas Thor Associates, B.V. and KeySource HCI, LLC merged their nuclear industry business interests in the Americas and formed a new company called KeySource Thomas Thor, which focuses on providing executive search services to the entire life-cycle of nuclear providers in North and South America and will be headquartered in Hudson, OH. The combined firm will also have access to the global network of Thomas Thor Associates with operations in Europe and the Middle East.
Contributed by Dale M. Zupsansky, Managing Editor, Hunt Scanlon Media