The SR Group Names CFO
June 10, 2024 – Global search company The SR Group has appointed Seim Munif as group chief financial officer. He succeeds Alex Calcutt who will step down to pursue other interests later this year. “Alex has been such an integral part of The SR Group’s success,” said David Buckley, CEO of The SR Group. “I feel privileged to have had his constant support and I am deeply grateful for his dedication over the past 24 years. Seim’s proven track record and strategic insight make him the ideal successor to lead our finance function into the future. We are excited to welcome Seim to the leadership team. The SR Group is confident that under Seim Munif’s financial stewardship, the company will continue to thrive and expand its global presence, delivering exceptional value to its clients and candidates.”
Mr. Munif brings to The SR Group a wealth of experience in financial leadership, having held senior positions in prominent multinational corporations including 14 years in recruitment. He has expertise in financial strategy, corporate governance, and operational efficiency.
The transition will be managed over a period, ensuring continued stability in the company’s financial operations. Alex Calcutt, who has served The SR Group with distinction, will work closely with Seim during this time to ensure a smooth transition.
“I am thrilled to join The SR Group and look forward to working with such an ambitious business with a talented team around me,” said Mr. Munif. My passion for recruitment comes from the pivotal role it plays in empowering people to achieve their aspirations and the passion of the people that drive it forward – something that is eminently clear at The SR Group.”
The SR Group is a global search and recruitment company comprising specialist search and recruitment consultancies Brewer Morris, Carter Murray, Frazer Jones, and Taylor Root. Combined, its brands recruit across all the corporate functions including tax, treasury, senior finance, legal, risk, compliance, marketing, sales, and HR. The new Keller West brand sits alongside these other consultancies. The SR Group has placed more than 15,000 employees into some of the largest businesses across more than 55 markets.
Recent Refinancing
Last year, The SR Group announced a refinancing of the business supported by Eurazeo and longstanding private equity partner, Baird Capital. The funds raised as part of this refinancing have been used to repay founder shareholder and institutional debt and equity, the net result of which has been to position group management as majority shareholders in the business. Baird Capital will continue to be a significant shareholder in the business.
The SR Group Launches Keller West to Help Secure Senior IT Talent
The SR Group has launched a specialist IT consultancy, Keller West, to drive the acquisition of senior IT talent. The new brand will initially focus on the DACH region, coming at a critical time for the German economy and the future development of its IT sector. Plans are already underway to further deploy the brand across the group’s global office network.
At the end of 2022, Germany had a shortage of 137,000 IT professionals according to technology trade body, Bitkom. The same study found that it takes an average of seven months to fill a vacant IT role, highlighting the scale of the challenges faced by businesses in the DACH region. “With the German economy facing a number of strong headwinds, technology offers a path to growth and greater competitiveness,” said Alex Gerritsen, head of Keller West. “Whether we’re talking about reducing costs, improving the customer experience, opening up new revenue streams, or some other strategic priority, the smart deployment of technology is going to be key. At a time of industry talent shortages, Keller West arrives to match outstanding candidates with rewarding careers.”
“Given strong performance and expansion over several years and with exciting plans for further growth and development, this is a fantastic opportunity to position the business for the future and to welcome more of our management group as shareholders,” said David Buckley, CEO of The SR Group. “This transaction, completed as it has been in challenging market conditions, would not have been possible without the continued support of Baird Capital and Eurazeo. Both have been incredibly supportive partners in the past and will continue to be in the future.”
“Baird Capital has enjoyed supporting The SR Group in achieving its ambitious growth plans and aspirations to date and we look forward to continuing to support David and the wider SR Group team going forwards,” said Dennis Hall, partner and global head of portfolio operations at Baird Capital.
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Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Executive Editor; Lily Fauver, Senior Editor – Hunt Scanlon Media
