Korn Ferry Names Co-Head of Global Asset Management
October 19, 2017 – Korn Ferry has added Chad Astmann as co-head of global asset management. He will be based in the firm’s New York office.
With more than 15 years of investment management executive recruitment and organizational consulting experience, Mr. Astmann has placed top leaders in executive leadership, investments, distribution and infrastructure. He has also worked extensively in delivering holistic human capital solutions to his clients around the world. Additionally, he has conducted numerous product build engagements through team lift-outs and acquisition review.
Mr. Astmann had been at Heidrick & Struggles, where he was head of the firm’s North America asset management practice and a member of its global financial services practice. Previously, he was a search consultant for multinational recruitment firm Michael Page International, where he focused on financial services searches for leading global investment firms. Prior to that, he worked in the Equity Capital Markets group at Merrill Lynch & Co.
“Chad brings to the firm extensive consulting and executive placement experience with top international financial firms,” said Michael Franzino, Korn Ferry’s president of global financial services. “His track record of innovative leadership and deep industry expertise in a range of human capital consulting areas will be invaluable to our clients in the global asset management industry.”
Korn Ferry’s asset management and alternative investment sector focuses on helping companies attract, develop, and retain executive talent. Its consultants advise industry leaders on issues across all stages of the talent life cycle, including acquisition, development and assessment.
Growth & Expansion at KF
Recently, Korn Ferry expanded with the addition of Mark Broer as senior client partner in its global life sciences practice and managing director of pharmaceuticals where he co-leads the global pharmaceutical sector. He works in both the firm’s Zurich and London offices. He joined the firm from Spencer Stuart.
Korn Ferry also announced several key leadership changes in multiple areas, which the company said further positions it for growth and expansion. As the integration of Hay Group is substantially complete, the firm has appointed Mark Arian as this business segment’s new CEO. Mr. Arian was recently recruited from EY, where he served as a managing principal.
May Knight became country managing director for Korn Ferry Hay Group. She is based in the company’s Hong Kong office. Ms. Knight brings 25 years of experience from operational and consulting roles in Asia and Europe. She was previously managing director, financial services, Asia Pacific at Accenture.
To further expand Korn Ferry’s product development and management capability, the firm named Andrew Huddart as president of its global productized services segment. To fully leverage the company’s global products business, Mr. Huddart will report to Byrne Mulrooney, who continues to serve as CEO of Futurestep. Mr. Huddart comes to Korn Ferry from Deloitte Consulting’s human capital group, where he served as managing director.
With its growth in Asia Pacific, Korn Ferry has established a chief operating officer position to provide additional support for the region. Current chief marketing officer and Korn Ferry Institute president Mike Distefano will assume this new role. Mr. Distefano will move to Shanghai from Los Angeles and work closely with Charles Tseng, president of Asia Pacific, to manage and grow the firm’s business in the region.
Korn Ferry has added Patrick Walsh to its global industrial search practice. He will be based in the company’s Minneapolis office. Mr. Walsh joins Korn Ferry from Spencer Stuart, where he was a leader and significant contributor to the firm’s growth in Minneapolis and the industrial market worldwide.
Futurestep launched a new academic healthcare practice. Sarah Taylor, a member of Korn Ferry’s academic healthcare practice, was named managing consultant. The Futurestep practice provides expertise in recruiting faculty, including funded educators, scientists, subspecialist physicians and other critical faculty positions.
Korn Ferry also tapped Andrew Huddart to serve as president, global productized services. Mr. Huddart joined the firm from Deloitte Consulting’s human capital practice, where he was managing director. At Deloitte, Mr. Huddart launched a major new product, BersinOne, delivered double digit revenue growth, rebuilt the senior leadership team and significantly expanded its core research function.
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
