January 27, 2020 – Singapore-based Hofer Tan & Partner has expanded its global operations with the addition of a new office in Hong Kong to serve key Asian markets and meet rising client demand. The Hong Kong office will work closely with the existing headquarters in Singapore to offer region-wide service in all areas of executive search, board and leadership consulting.
Founded two decades ago in Europe by industry veterans, steady business growth and increasing global relationships led to the firm’s geographic expansion from Europe to Asia-Pacific. Drawing on insights from longtime consultants working East and West, Hofer Tan Partners advises companies through cross-cultural hiring complexities.
“Expanding our business with a new permanent base in Hong Kong is driven by our desire to offer the highest level of service to our local and multinational client base in the region,” said Cecile Hofer, co-managing partner and founding member of Hofer Tan Partners. “In these times of business transformation and fast digitalization, the new team in Hong Kong will help us to extend our talent management advisory practice for the next generation of emerging leaders, enabling companies to become more effective in talent development and acquisition.”
Hofer Tan Partners is an established member of global search consortium IIC Partners. With the recent expansion into Hong Kong, Hofer Tan Partners continues its leadership role in the Asia-Pacific region and deeply strengthens IIC Partners’ cross-border search capabilities.
“We strongly believe that Hong Kong is and will remain one of the most important business centers in the world, and we are expanding into the market with a long-term view in mind,” said Thomas Hofer, co-managing partner and founder member of Hofer Tan Partners. “As a member firm of IIC Partners, we collaborate with expert consultants who are embedded in their local markets and industries across the world, resulting in a strong track record across all business sectors. The addition of experienced professionals and thought leadership consultants to our Hong Kong office will expand upon this cross-border, multi-market activity, and deliver on our vision for a multicultural and diverse team that reflects our clients.”
Hong Kong Market
As one of the world’s leading international financial centers, Hong Kong has a major capitalist service economy characterized by low taxation and free trade. It is an important center for international finance and trade, with one of the greatest concentrations of corporate headquarters in the Asia-Pacific region.
The Hong Kong market has again retained its ranking as the most economically free market in the world, according to the Fraser Institute. And a study by the Milken Institute found that the Sichuan provincial capital of Chengdu has the best economy of any city in mainland China. Shanghai and Tianjin ranked second and third. In Shanghai, China’s financial hub and a global finance center, employers expect to grow staffing levels in a number of industry sectors and all nine regions, according to a recent Manpower employment index report. In Japan, Tokyo employers report the region’s most optimistic hiring plans and expect the strongest hiring in more than six years.
“The continued growth and geographic expansion of Hofer Tan Partners is a testament to its highly accomplished and innovative team of senior partners,” said Christine Hayward, executive director of IIC Partners. “For over 30 years they have maintained an exceptional reputation among executive leaders around the world, and our strength in the Asia-Pacific region has been reinforced by this exciting move.”
Established over 20 years ago, Hofer Tan & Partners is a boutique search firm that specializes in senior level executive and board search, leadership development and talent management mandates across industries and markets.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; and Stephen Sawicki, Managing Editor – Hunt Scanlon Media