Senior Executive Market Updates – Buoyant Market

Search Consultants in the InterExec network across UK and Europe have reported that the period of mid-May to the start of the school summer holidays is expected to be uncharacteristically busy. With less looming geo-political and economic uncertainty than there was a couple of months ago, the confidence of organisations to invest in growth and transformation is increasing internationally. Further consultants in the Middle East have echoed the above sentiment but even more strongly.  Geography aside, demand for the more transferrable executive skill sets remains high; HR Directors/Chief HROs and Chief Financial Officers remain in high demand for smaller organisations scaling up and more established companies requiring change and transformation.  A cross section of comments from the InterExec network of 15,000 Search Consultants globally gives a clear indication of the current market. “We have had a busy Q1. Mostly UK Plcs starting to run some transformation and change programmes.”. Very busy, whilst certain sectors/functions indeed face a lot of challenges, on the other hand many organizations invest now heavily in new innovations and teams.” I would say it’s been a strong start to the year, our corporate clients are continuing to invest and hire. Utilities is particularly strong in all markets.” We came back from the Easter holiday period to a lot of workload, and a very hectic market. Finding it still very fast paced around the same time as last year. Our clients are just repeatedly requiring more executives rather than having to go out and find new business.” Looking specifically at the Banking and Financial sectors the picture is also increasingly positive. First quarter bank reporting has delivered results which have exceeded expectations in both the US and UK .  Also, the careful management of issues/potential failures at SVB, Silicon Bank , Credit Suisse and most recently First Republic Bank (through acquisitions by larger financial institutions) has mitigated market concerns over possible contagion risk. Given these developments banking has to remain an attractive career choice for C Suite candidates. The range of opportunities is well spread but the areas which currently demonstrate the greatest concentrations are:Financial Services Specialist areas: Tax, Treasury, Audit, Fixed Income.Investment Banking, Private Banking, Retail Banking.Corporate Banking including commercial lending. Compliance, Regulation, Risk .Energy, Renewables, Sustainability.Data, Digitalisation, FinTech.Asset Management and Investment Management. Insurance. CFO positions in Financial Services and PE continue to be areas of interest. Professional Services Consulting: Business Transformation, Business Development, Technology, Data, Digitalisation.Change Management.    Legal – the trend being in house roles which require specific experience. Geographically the UK, US, Asia, Middle East, and Western Europe, especially Germany are all strong.Finding the right Search Consultant, with the most appropriate job opportunity to match your objectives in this unadvertised and often politically complex marketplace is one of the key InterExec skills. Additionally focussing and preparing you and planning the entire process by which you identify and find that new challenge is InterExec’s core skill. In planning for your next career challenge in 2023, getting that process underway early will take advantage of appointments Search Consultants currently have mandates for. Please, do not hesitate to get in touch with the InterExec team at any time up to 6 months prior to when you hope to move.