January 9, 2023 – Chicago-headquartered executive search, leadership consulting, and culture shaping services provider Heidrick & Struggles has opened a new office in Bogotá, Colombia, and appointed Roberto Hall as the office’s new leader. He will be supported by four key consultants with a wide range of expertise across all of the firm’s existing sectors. “The expansion aligns with Heidrick & Struggles’ strategy to expand its footprint in Latin America by providing clients with a local experience that allows for more collaboration and operational efficiencies,” the search firm said.
“For nearly 70 years, we have provided our clients with diversified solutions to help build strong leadership teams globally, and our expanded presence in Latin America signals our commitment to bring solutions that support our clients’ strategic growth in the region,” said Tom Murray, global managing partner of executive search. “Our presence reflects the increasing demand for innovative talent and leadership counsel in Central and South America, and with our depth and breadth of executive search experience, we will better assist Latin American organizations.”
“We are committed to serving our clients across the region and opening an office in Colombia was the ideal opportunity to address the significant demand for in-country and multinational executives in the region and Central America,” said Mr. Hall.
Colombia joins Brazil and Mexico among the Latin American countries where Heidrick & Struggles has a presence. In addition to Colombia, the Bogota office will serve clients in Ecuador, Panama, and Central America.
Bogotá is the main economic and industrial center of Colombia. The financial sector has grown favorably because of good liquidity in the economy, the growth of credit, and the positive performance of the Colombian economy. The Colombian Stock Exchange through the Latin American Integrated Market (MILA) offers a regional market to trade equities. Colombia is now one of only three economies with a perfect score on the strength of legal rights index, according to the World Bank.
New Leader in Mexico City
Heidrick recently named Carlos Vázquez as the new partner in charge of its Mexico City office. The appointment of Mr. Vázquez, a veteran executive recruiter, signals Heidrick & Struggles’ intention to continue to expand strategically in Latin America.
Heidrick & Struggles Plans to Acquire Atreus
Heidrick & Struggles has entered into an agreement to acquire Atreus, one of the leading players for executive interim management in Germany. The acquisition expands Heidrick & Struggles’ on-demand talent offering into Continental Europe and is an important component of the firm’s broader strategy to diversify its suite of executive talent and leadership advisory offerings. Financial terms of the acquisition were not disclosed.
“We are seeing a transformation in how organizations are acquiring executive level talent and the expertise they need,” said Dan Ryan, managing partner, on-demand talent, for Heidrick & Struggles. “Having access to top talent to fill roles on an interim basis, or to drive major projects forward, is becoming an increasingly important solution for our clients. The acquisition of Atreus will strengthen our already market leading on-demand talent platform and extend Heidrick & Struggles’ reach in this growing talent market segment, further underscoring our commitment to be at the forefront of delivering an integrated suite of executive talent and leadership advisory solutions.”
“We are excited that Carlos has assumed the leadership role in Mexico as we continue to provide our growing number of Latin American clients with an integrated suite of executive search, consulting, and on-demand talent solutions,” said Paulo Mendes, a partner in Heidrick & Struggles’ Miami and São Paulo offices and the regional leader of Latin America. “Carlos is a proven business leader with the vision and depth and breadth of experience required to help us drive the next growth phase for Latin America.”
With over 11 years of search experience, Mr. Vázquez specializes in CEO and board of directors, CEO succession, financial services, venture capital and disruptive innovators, tech, private equity, and leadership advisory assignments. His area of focus is CEO and C-level search assignments for clients based in Mexico and Latin America, where he brings broad expertise across business lines and functional roles.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; and Stephen Sawicki, Managing Editor – Hunt Scanlon Media