Senior Executive Market Updates – New Career Challenge?
InterExec is the global leader in assisting Top Executives earning $250K and above with their next career move.
We have almost 50 years of experience in discreetly leveraging our relationship with a network of 15,000 Search Consultants across the world in order to maximise our clients’ career prospects.
Whatever your next challenge may be we offer a free of charge mutually exploratory initial meeting to see if we can be, of assistance.
This regular update is intended to provide an indication of the current market with reference to different geographies and industry sectors.
The market across financial services and consultancy is currently challenging with a lot of consolidation occurring.
Although with both the UK and French elections over, markets can begin to factor in more of a clear picture on financial direction and plan recovery accordingly.
The InterExec network indicates the cleantech/climatetech market is very active, and both the wider digital and strategic transformation sectors continue to be strong.
The Middle East remains busy, strong sectors ranging of HR to Wealth Management. Out of the GCC region, KSA is still ramping up activity due to the influence from the PIF, which is a positive sign for any executives who have a recent track record in KSA or are open to the region.
Regardless of sector, the UK market is expecting an uptick in activity now that the general election is concluded; the question remains whether this will lead to a busier than average end to Q3 or a bumper Autumn following the usual slower period of summer?
Although the tech space, broadly speaking, is still to show notable growth, one area of profound investment for businesses in all sub-sectors of technology is AI/ML. The focus has been on ‘hands on’ and technical leadership positions but increasingly, candidates with more of a commercial background are in demand as businesses look to commercialise their AI offerings, particularly in a B2B context.
Demand for the finance skillset, particularly CFOs and FDs remains relatively buoyant across the UK and Europe regardless of sector background.
Search Consultants focused on Private Equity backed roles are reporting that as expected, conditions are improving following an unusually long fallow period owing primarily to higher interest rates. The level of PE transactions is back on an upward trajectory and that translates directly to more leadership opportunities in newly acquired businesses.
A comment from a search consultant in the InterExec network is a good summary of where we are:
“Things are looking well and we see quite a bit of activity across multiple industries.
Our forecast for the current quarter is rather good and although typically the least active quarter (due to holidays), there is a good level of activity.”
Finding the right Search Consultant, with the most appropriate job opportunity to match your objectives in this unadvertised and often politically complex marketplace is a core InterExec skill.
Additionally focussing and preparing you and planning the entire process by which you identify and find that new challenge is InterExec’s unique speciality.
In planning for your next career challenge in 2024, getting that process underway in the summer will take advantage of appointments Search Consultants continue to 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.