November 18, 2019 – Singapore-headquartered recruitment agency Space Executive has recently appointed senior recruiter Tom Hughes as leader of its new London office. He will head the audit, risk, compliance and legal recruitment operations for the firm in the U.K. and Europe.
“The opening of our U.K. office is a landmark moment for Space Executive and the next step in our overseas expansion,” said Marek Danyluk, managing partner at Space Executive. “We wish Tom all the best in his new role and are excited to see our U.K. and Europe operations build on the accelerated growth and strong foundations set in the APAC region.”
“We have lately extended our operations to London and Tom Hughes is the first hire for the London office,” said Mr. Danyluk. In line with the firm’s international growth plans, two of the founding partners from Singapore will be moving to London in the first quarter to 2020 to support the accelerated growth of the firm in the European market.
Mr. Hughes joined Space Executive to drive the company’s growth in both the U.K. and European markets, in alignment with the firm’s extensive global reach and vast established client-base across the Asia-Pacific region. As a senior recruiter, he is backed by over seven years of dedicated executive search experience covering financial services and also governance positions, including risk management, internal audit, financial crime, compliance and legal.
Previously, Mr. Hughes was head of audit and compliance, Europe, for executive search firm Barclay Simpson. Before that, he was a managing consultant with Oliver James Associates. A renowned professional with an eclectic background, Mr. Hughes started his career as an officer (trained at Sandhurst) for the British Army. He later studied law at the University of Lincoln.
London generates about 20 percent of the U.K.’s GDP, while the economy of the London metropolitan area — the largest in Europe — is responsible for about 30 percent of the U.K.’s GDP. London’s largest industry is finance, and its financial exports make it a significant contributor to the U.K.’s balance of payments.
Along with professional services headquarters, London is home to the Bank of England, London Stock Exchange and Lloyd’s of London insurance market. Over half of the U.K.’s top 100 listed companies (the FTSE 100) and over 100 of Europe’s 500 largest companies have their headquarters in central London. Over 70 percent of the FTSE 100 are within London’s metropolitan area, and 75 percent of Fortune 500 companies have offices in London. It’s why London dominates the global executive search business, and stands as the second largest recruitment market behind New York.
Established in 2015, Space Executive specializes in recruiting senior management to executive level personnel for listed multinationals, financial services and private equity across investment banking and capital markets, strategy and corporate development, change and transformation, finance, technology, sales and marketing, general management, professional services/ consulting and human resources.
Space Executive’s existing clients include many prominent financial service institutions and household multinational corporations with businesses like Standard Chartered, Diageo, WeWork, Allianz, DBS, Johnson & Johnson and Dyson opting to align themselves with Space Executive as their preferred supplier.
The opening of a new office in London follows Space Executive opening an office in Hong Kong. The firm brought on veteran recruiter Nick Lambe as managing director to lead that location. Space Executive has been focusing on growing its presence across investment banking, capital markets, private equity and funds in Hong Kong. The firm said that it will be “replicating a similar business model to the one that catapulted Singapore to become one of the fastest growing multi-discipline recruiters in the market, with over 25 staff producing in excess of SGD $8 million in revenue in just four years.”
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; and Stephen Sawicki, Managing Editor – Hunt Scanlon Media