January 16, 2018 – Heidrick & Struggles has named Stephen McAlinden regional leader for Asia Pacific. He succeeds Steve Mullinjer, who will continue to pursue client work for the CEO & board practice globally.
In his new role, Mr. McAlinden will lead 14 offices across Asia Pacific while continuing his client work as a partner focusing on corporate and investment banking.
“Under Steve’s stewardship over the past six years, Heidrick & Struggles has grown to become a premier leadership advisor in Asia Pacific amidst strong market competition,” said Krishnan Rajagopalan, president and CEO. “We thank Steve for his leadership and look forward to his continued contributions serving clients as a senior consultant in our global CEO and board practice.”
With more than 25 years’ experience in leadership search, Mr. McAlinden has served as partner-in-charge of the firm’s Hong Kong office and as a core member of the financial service practice, focusing on Asian corporate and investment banking and markets. He joined Heidrick & Struggles eight years ago and has placed executives across senior management within investment banks, securities firms, asset management companies, commercial banks and other financial institutions.
Heidrick Restructures to Lower Costs, Improve Efficiencies; CAO Leaves Post
A restructuring plan is underway at Heidrick to reduce overall costs and improve efficiencies in its operations over the next several months. The expected annual cost savings from the restructuring is expected to range from $11 million to $13 million.
“Stephen is an internationally acclaimed consultant with a long track record of success serving clients in the financial services sector,” said Mr. Rajagopalan. “His collaborative and entrepreneurial spirit and passion in driving business growth will help further raise our profile with clients throughout the APAC region.”
Before joining Heidrick & Struggles, Mr. McAlinden co-founded Eban International Company, a boutique executive search firm specializing in financial services, advising equities, investment banking, derivatives and fixed income clients. He previously spent six years in London and Hong Kong with another financial services executive search firm.
New Practice Leaders at Heidrick
Last month, named Tim Dietlin and Niren Thanky to co-lead the global biopharmaceutical segment of its healthcare and life sciences practice. Mr. Dietlin is based in Chicago and Mr. Thanky is in London. Together, they are charged with building on the firm’s biopharmaceutical capabilities in key industry markets and further enhancing client service globally, said Heidrick.
In November, Heidrick named new leadership in the Americas with the appointments of Dominique Hansen as head of investment management and Renee Neri as head of asset management. Based in the Toronto office, Ms. Hansen will also serve as head of the firm’s CEO and board of directors practice in Canada.
In June, Heidrick appointed Andrew LeSueur as head of leadership consulting in the Americas. He also continues to support his executive search clients and the industrial and supply chain practices as he transitions into his new role. Mr. LeSueur joined Heidrick & Struggles in 2015 from McKinsey, where he was partner in the operations practice.
In May, the Chicago-based firm named Elizabeth Simpson as head of financial services in New York. Expanding on her duties, Ms. Simpson is now responsible for driving Heidrick’s regional business development, collaborating across the organization’s complementary lines of business and mentoring and developing talent internally.
Also in May, Heidrick appointed Bo Herbst to lead its industrial practice worldwide as global practice managing partner. Mr. Herbst’s new position is an extension of his role as regional practice managing partner for the firm’s industrial practice in the Americas, which he will continue to hold while leading the practice globally.
Heidrick recently named Ian Johnston as managing partner for its culture shaping business for Europe, the Middle East and Africa. Mr. Johnston has been a senior leader of culture shaping in the European region for the past 15 years, serving most recently as partner. He is known for enabling CEOs to lead with vitality, vision and clear purpose.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; Stephen Sawicki, Managing Editor; and Will Schatz, Managing Editor – Hunt Scanlon Media