Senior Executive Market Updates – Remains Highly Active

The market for Senior Executives across many key business sectors and in the major geographic regions is currently highly active. Based on our extensive experience and comprehensive knowledge of the market we believe this is as good a time as there has been in the past 2/3 years for Senior Executives potentially seeking their next major challenge to enter the market.

Quotes from Search Consultants summarise the market,”It’s the busiest we’ve been since the financial crisis”. “It looks like this year will be the 3rd consecutive year we have a record global business volume”.

Our network of Search Consultants across Europe report that the market has really “come to life” and there has been a massive shift in the past couple of months as we move on to live with COVID. The situation in the UK, US and Middle East is equally hectic. The InterExec network in China continues to advise that the situation there remains challenging, but it seems to be improving.

In terms of Senior Executives across the business sectors looking for a move it is increasingly busy as some candidates are keen to move to companies with a more relaxed approach to working/life balance. The days of travelling each week and spending weeks away from home are no longer appealing to some Senior Executives, so they are seeking moves away from companies who are reverting to that. Money has lost “value” to a certain extent when it comes to negotiations and the “work/life” balance is becoming more valuable.

One area currently really busy is the sustainability market. The demand for Senior Executives with sustainability at their core is very high and this is across a number of different sectors, ranging from Manufacturing to Tech / SaaS.

Additionally markets where there is currently a demand include Energy, Consumer, Manufacturing, Private Equity & Pharma / Biotech. Demand is there for P&L leaders, CEOs, CFOs, and E-Commerce Directors.

The Financial and Professional Services has also further strengthened. Roles have emanated from the Charity Sector (Senior Investment Management and CEO level) that deliver on profile and intellectual stretch.

Returning areas of activity include Senior Executive roles in Tax, Commodities and Payments. The market in Energy and Renewables is also strong.

Other areas of sustained interest include Risk, Regulation, Compliance, Financial Crime, AML as well as Wealth Management, M&A and Financial Consulting.

Inflation may impact on market confidence but the increase in interest rates and volatility in the market can also create opportunities in some areas of FS and Professional Services particularly Trading and Advisory.

InterExec maintainscontact with over 15,000 Senior Executive Search Consultants worldwide in order to understand exactly the current state of the market and specifically the candidates in demand as well as the mandates Search Consultants are working to fulfil.

If you are considering searching for your next challenge please do not hesitate to get in touch with the InterExec team.