March 8, 2016 – Heidrick & Struggles has appointed Jenni Hibbert in London to lead its financial services practice in the U.K.
In her new role, Ms. Hibbert will have responsibility for managing the firm’s U.K. financial services business, overseeing a team of approximately 40 individuals with a focus on providing executive search and leadership counsel to top-tier financial institutions.
During the last 11 years, Ms. Hibbert has served as a lead partner in Heidrick’s insurance practice working across Europe & Africa to execute CEO and non-executive director searches across all corporate disciplines, both functional and technical, including actuarial, underwriting and risk.
A member of the firm’s chief executive officer and board of directors practice, Ms. Hibbert has been instrumental in establishing The Board Network for women non-executive directors, and she sits on the firm’s global consultant promotion committee.
“The size, scale and importance of our U.K. financial services business is unique,” said David Boehmer, Heidrick’s global financial services managing partner. “Throughout her time at the firm, Jenni has made a significant impact with senior executives and boards at financial services companies throughout our global operations. Her dedicated leadership in the U.K. will ensure a continued focus on growth and client service in this critically important segment.”
Just last week, Mr. Boehmer was assigned to lead the firm’s financial services practice, a sector he has been focused on strengthening in the Americas and Europe. His portfolio of search and advisory work spans senior front office and functional roles including board, CEO, CIO, COO and general management positions across financial technology, payments, banking, asset management, hedge fund, capital markets, insurance and alternative investment clients.
Heidrick’s financial services practice was formed in 1988 and the majority of its financial services sector partners have worked directly in related industry.
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In recent months, Heidrick has named leaders across three of its top producing offices:
Lyndon A. Taylor was appointed head of its Chicago office in January. He is active in the firm’s financial services and CEO / board practices. Mr. Taylor rejoined Heidrick & Struggles in 2014 after spending the previous decade at Russell Reynolds Associates.
That same month, Heidrick tapped Carlos Garcia to serve as head of its Los Angeles office. He is active in the firm’s supply chain & operations search practice and work with clients in its healthcare and life sciences practice sectors.
This past October, Heidrick appointed Ron Lumbra as region leader for its Americas region. He now leads a team of more than 350 partners, principals and associates serving clients across all service sectors. Like Mr. Taylor, Mr. Lumbra also joined the firm from Russell Reynolds, where he served as managing director and co-leader for the firm’s Americas CEO and board services practice.
Two weeks ago, Heidrick released its 2015 global performance figures. The firm reported annualized worldwide revenues of $531 million, a 7.5 percent increase. Its Americas revenue breakout for the year showed a 15.2 percent gain, one of the highest growth rates reported among its rivals for the year.
In addition to its healthcare & life sciences and global technology & services practices, Heidrick’s financial services business showed healthy gains and helped drive growth at the firm. Its global results reflected a second year of year-over-year growth in net revenue, profitability and consultant headcount, topping Wall Street forecasts.
Contributed by Dale M. Zupsansky, Managing Editor, Hunt Scanlon Media