Senior Executive Market Updates – End of June 2021

With over 40 years of working with Senior Executives and an active network of 15,000+ Search Consultants worldwide, InterExec has experienced the wide range of ups and downs in the Senior Executive recruitment market.
The Covid period has clearly been a unique time and had an enormous and significant effect on corporations globally. Its long term effects are still just beginning to unravel. Nevertheless against that backdrop the market for outstanding management talent is now increasingly active and whilst volatile in some business sectors real opportunities to find your next major role are emerging.
 
Financial Services
Things are definitely better and there is some movement in Professional Services but liquidity is yet to fully return to Financial Services.
From a geographic perspective there is activity in both Professional and Financial Services in the Middle East, particularly in Banking in Saudi Arabia, which is encouraging. Singapore however remains a difficult market to penetrate.
There is growing demand for senior roles in several sectors of activity – Digitalisation, Compliance, Insurance, Renewables & PE /VC .
Lots of things give cause for optimism and as some of these opportunities develop the momentum should be more sustained.
IT Services & SaaS
The SaaS and IT Services space, which remained relatively buoyant through 2020, is still very much on an upward trajectory both in Europe and the USA.
Hospitality & Leisure
The picture remains patchy with some reports that senior roles in the Hospitality /Leisure space are starting to appear again since pre-Covid. Other Search Consultants are confident business will return but as yet the leisure, hospitality and fashion sectors, primarily in the UK, remain quiet.
Manufacturing & Automotive
In the UK the Manufacturing sector is increasingly busy at the Senior Executive level and Food Manufacturing is specifically buoyant.
The Automotive business in both European and North American markets is particularly active, whilst understandably Aviation remains difficult.
An Overview
The experience and current impressions of the market are those of Search Consultants gleaned from direct contact with a cross-section of the 15,000 strong InterExec network and represents their views taken in the last few days.
There remains an improving business confidence reflecting the gradual positive Covid news in several key markets and the demand for C-Suite/VP roles in a number of sectors including IT, Manufacturing, Healthcare, Financial and Professional Services is growing.
In searching for the next key challenge please do not hesitate to get in touch with the InterExec team.