News
INTERSEARCH WORLDWIDE RANKED AMONG THE LARGEST EXECUTIVE SEARCH PRACTICES GLOBALLY
April 2009
InterSearch Worldwide was ranked 11th in Kennedy Information's Executive Recruiter News (ERN) exclusive global rankings of retained search firms for 2008, rising three places from the No. 14 position the organization held in 2007's rankings.
The 97 offices of InterSearch's global network reported revenue of U.S. $119.3 million in 2008, up +12% from last year. Only 9 of the top-20 global executive search firms reported growth in 2008, the others reporting loss of revenue of up to -13% due to market conditions during the year's last two quarters. InterSearch Wordwide's revenue per consultant was $486,900, up from $421,100 in 2007.
"This is a confirmation of our organization's strengths and InterSearch's capability to create business opportunities, especially in emerging markets where the effects of the global economic crisis have been felt less. We will continue to focus on providing top-quality services by combining in-depth local market knowledge with an international mindframe" commented Patricia Epperlein, Chairwoman of InterSearch Worldwide.
ERN's 2008 ranking includes the 20 largest global retained executive search practices with specific data on revenue, growth, revenue-per-search consultant as well as the number of offices, partners/consultants, and associates/researchers.
INTERSEARCH WW 2008 RESULTS
InterSearch Worldwide's 90 offices across the globe were retained to execute more than 3,100 executive search assignments during 2008.
Approximately 150 of these searches were cross-border assignments, in which InterSearch consultants from more than one country cooperated in order to deliver the best possible results to the search firm's international clients. Consultants from all regions participated in these projects, including consultants from InterSearch offices in developing markets.
Major sectors with high demand for cross-border executive search business in 2008 included Automotive, IT/Electronics, FMCG, Capital Equipment and Machinery, Life Sciences, and Manufacturing.
InterSearch offices from all regions also reported a significant growth in demand for other services in 2008 compared to previous years, such as Board Director recruitment and management assessment.
InterSearch Survey Results 2008
The Executive Search Industry in 2008 and 2009 – InterSearch
During the first week of November 2008, HK HumanCapital Chile sent an online survey to one recruiter from each of the 38 InterSearch partner offices. The questionnaire explored their executive search practices and the type of assignments received during 2008. It also presented a series of open questions about the challenges faced by the executive search industry in 2008 and the outlook for 2009.
The American Chamber of Commerce in Japan Honours InterSearch Worldwide Consultant
The American Chamber of Commerce in Japan (ACCJ) recently celebrated its 60th anniversary and honoured David A. Wouters, Managing Partner of InterSearch Japan, with an award for his contribution as ACCJ's longest serving member. The ACCJ is the largest foreign business group in Japan.
Many respected leaders from Japan's business community congratulated David upon reception of the award. "I have found David to be a terrific sounding board and mentor not only for myself being a new member of the Tokyo business society since January, but a key contributor to my team and our organization's success", commented Richard Valente, Director Japan & Korea of InterCall Japan, a subsidiary of West Corporation. "David listens to our executive search needs and brings qualified candidates in a timely fashion. I rely on his professional expertise and continue to ask for new search necessary for our company growth" added Hiro Nishiya, Representative Director of Vorwerk Lux Japan.
David A. Wouters has a degree in Commerce from Washington & Lee University and an MBA from New York University. He was a Sales Manager with Mobil Petroleum in Singapore and a Marketing Manager with The Coca-Cola Company in Bangkok and later served Coke in Japan as Corporate Liaison Manager. In 1976 he set up the search firm Wouters & Associates, which became InterSearch Japan in 1991. David has edited several editions of the American Chamber of Commerce's Manual of Employment Practices in Japan, and a CCH publication, the Japan Employers' Handbook, which is used as an up-to date legal and business guide for the several thousand foreign businesses and government offices in Japan. He is a past Director and currently the Head of Training for InterSearch Worldwide.
INTERSEARCH WORLDWIDE ELECTS NEW BOARD OF DIRECTORS
InterSearch Worldwide, a global network of search firms consistently ranked amongst the largest retained executive search practices in the world by both Executive Recruiter News and search-consult magazines, elected its new Board of Directors during InterSearch's annual conference which was held between March 27-30, 2008 in Buenos Aires, Argentina.
Patricia Epperlein, Managing Director of Mariaca - InterSearch Brazil, was unanimously approved as the new Chairwoman of InterSearch Worldwide. “We are pleased to recognize Patricia as the first female executive to lead InterSearch Worldwide. Through this appointment, she becomes part of an elite group of women to have led a major global executive search organization”, commented the former Chairman Giuliano Viani.
Patricia has 16 years of experience in executive search, specializing in recruitment for start-up operations, boards of directors and the media/entertainment, market research, and electrical/electronic technology industries. She holds a Master's Degree in International Hotel Management from Surrey University, England and a Bachelor's degree in Business Administration from King's College of London University, and obtained all schooling in Germany and the UK, including training experience in the Human Resources Department of the Edwardian Group of Hotels in London (Radisson Group). Patricia was formerly Project Development Manager of Conceito Assessoria Hoteleira in São Paulo, Brazil. She is fluent in Portuguese, English and German.
The InterSearch Board of Directors consists of Patricia, Giuliano Viani (Italy), Peter Waite (Australia), Frank Schelstraete (Belgium) and Andras Lipcsei (Hungary).
Media contact:
Harris Karaolides (+30 210 7294 720)
H.Karaolides@intersearch.org
Carla Calvo ( +39 335 7429756)
C.Calvo@intersearch.org
EMEA Business Development Meeting & Belgian HR Awards
Executive search consultants from InterSearch offices in 16 European countries attended a regional business development meeting hosted in Ghent by Schelstraete & Desmedt, the Belgian InterSearch partner, on January 24 and 25.
The meeting was scheduled to coincide with the 8th Annual Human Resources Awards organized by Schelstraete & Desmedt, an event designed to reward the best graduate thesis in the field of Human Resource Management and Organisational Development, thereby building a bridge between the academic and business world.
Ms J. Gysels of the University of Ghent won this year's HR award with her thesis on "The Relationship Between Job Search Objectives and Job Search Behaviour".
In line with the subject of the selected thesis, the main topic of the event was talent acquisition. Key note speaker of the event was Astrid De Lathauwer, Chief HR Officer of Belgium's largest telecom operator Belgacom, who gave attendees a unique perspective on "The War for Talent in 2008: Is It Really Happening?"
“It was very interesting to listen to innovative ideas on how to motivate managers to make the right recruiting decisions with a long-term view, keeping in mind concerns about changing demographics” commented Heinz-Dieter Hestermann, Board Director of InterSearch Worldwide.
INTERSEARCH WORLDWIDE STRENGTHENS ITS PRESENCE IN INDIA
InterSearch Worldwide, one of the largest executive search networks globally, announces its expansion to India.
The newest member of InterSearch is Spearhead, a leading executive search firm incorporated in 1997 with a team of 20 seasoned search professionals based across four major cities - New Delhi, Bangalore, Kolkata and Mumbai. In addition to several of the largest Indian corporations, Spearhead has been retained to fill senior leadership positions in India for a client roster including organizations as diverse as the Bill & Melinda Gates Foundation, the World Bank, Honda, Nike, Mars Inc., Merrill Lynch, Bata India, Tupperware, Alcon Labs, Givaudan, Accretive, Vertex India, Emptoris, MWG, CIFF, Siemens and many others.
"We are privileged to be a part of InterSearch Worldwide, a top ranked global network. The values and qualities that InterSearch stands for are very important to us. In a growing and rapidly developing economy such as India where opportunities abound and the war for talent is raging, it is imperative that we should be able to bring genuine value to our clients through global capabilities in a local setting. Our partnership with InterSearch gives us this strength, something already evident through the response received from our most important barometer – our clients! They’ve given a huge thumbs up to our decision to join InterSearch and they are excited about the new possibilities they can explore without having to worry about finding leadership talent in India or globally," commented Jyorden T. Misra, Managing Director of Spearhead InterSearch India.
InterSearch is the 4th largest search firm worldwide for 2007 by number of offices, according to the annual survey conducted by search-consult magazine.
INTERSEARCH DELIVERS EUROPEAN RESEARCHER TRAINING PROGRAM
24 Researchers from InterSearch offices across Europe attended an intensive two-day training program in Budapest, Hungary, on October 11-12.
InterSearch internal training programs were created by InterSearch with the mission of guaranteeing consistency in the high quality of services offered by the global executive search network's consultants and researchers. The program for researchers from Europe follows the worldwide Academy edition that was delivered last Spring in Budapest, coinciding with a training program for junior consultants.
“The executive search market is changing. Until 2003 we had an employer-driven market, but now what we clearly have is a candidate-driven market. The best candidates can choose where they want to work, and this is the case not only in all of Western Europe but even more in the Eastern European countries where InterSearch has a leading position. It has become necessary for us to invest more resources in our recruitment of candidates and therefore it is our obligation to become even stronger in the area of research and sourcing” commented Peter Pendl from InterSearch Austria, who initiated this InterSearch training program together with Jan Verstraeten and Doris Schmalenberg experienced research-consultants from InterSearch offices in Belgium and Germany.
InterSearch today has approximately 200 researchers supporting local and cross-border executive search in more than 40 countries worldwide.
InterSearch Among the Largest Retained Search Firms in the World
InterSearch is the 4th largest search firm worldwide for 2007, according to the annual survey conducted by search-consult magazine.
Issue 31 of search-consult magazine presents the results of the survey, which ranks global retained executive search firms by number of offices with the aim of helping HR Directors identify which providers have the strongest presence globally and regionally. InterSearch is ranked 4th globally with 80 offices, and 3rd in the EMEA region.
"Besides EMEA where InterSearch operates now with 53 offices, Asia is another fast growing economy requiring quick strategic investments. InterSearch recently strengthened the hub of Singapore and will soon announce a more extended structure in India." said Giuliano Viani, Chairman of InterSearch Worldwide.
InterSearch Worldwide Annual Conference Held in Istanbul, Turkey
70 executive search consultants from InterSearch offices in 37 countries gathered in Istanbul, Turkey this month for InterSearch Worldwide's 18th annual conference, held between May 31 and June 3 at the Marmara Istanbul Hotel.
The 2007 annual conference in Istanbul marked the expansion of InterSearch Worldwide in new territories such as Russia, Ukraine and Chile, as well as the strengthening of InterSearch's global market position with the introduction of new offices in Spain, Portugal, Czech Republic, Singapore and the Middle East region.
The 2008 InterSearch conference will be held in Buenos Aires, Argentina.
InterSearch Worldwide is currently the 3rd largest executive search firm in the world by number of offices and is planned to exceed the landmark number of 100 offices by next year, offering consistent, high-quality executive search and recruitment services in 45 countries. It is also the 11th largest executive search firm in the world by revenue, with its global net turnover of U.S. $102 million in 2006 signifying a +27% annual growth rate.
Academy 2007
Eighteen InterSearch consultants and researchers took part in the 7th edition of the InterSearch Academy Training Program, held this year in Budapest, Hungary. Participants included representatives from Australia, Barhain, Belgium, Brazil, Germany, Ireland, Italy, Malaysia, Slovakia, Turkey and UAE. Trainers were David Wouters (Japan) and Andras Lipcsei (Hungary). Heinz Dieter Hestermann, representing the Board, gave the participants an overview on the identity of InterSearch ww and stressed the role of the Academy programs in building up a deeper international awareness among its people.
The program was tailored on the mix of participants, many of them Researchers, and included topics connected to the InterSearch business practices, the relationship and co-operation between researcher and consultant, marketing related issues including Brand positioning. Workshops, case studies and practical exercises and role-play gave the opportunity to further develop consulting and research skills of the participants.
“Most important were the participants themselves - quite active, alert and intelligent - who cooperated and gave excellent presentations” commented David Wouters.
Kennedy Report 2007
The competitors above InterSearch, that improved its ranking compared to the last year and got the 11th position in the first 20 Largest Retained Executive Search Practices are the following: Korn Ferry, Heidrick & Struggles, Spencer Stuart, Egon Zehnder, Russel Reynolds Ray & Berndtson, Amrop Hever Group, IIC Partners, Kienbaum Consultants, Transearch.
InterSearch shows a global net turnover of almost 110 million US$ (plus 27% on 2005), 3428 assignments carried out, more than 100 offices and a specialized staff of more than 590 consultants and researchers worldwide.
European Meeting 2007
The European Meeting 2007 was organized and hosted in Barcelona, Spain, on 2-3 February by Konsac Group and the participation of 15 countries with 25 delegates.
Homeland of many artists and the famous Catalan creativity, Barcelona inspired the participants to work on the usual marketing and sales issues with a proactive and positive approach.
A newly born Pharmaceutical & Life Sciences Practice Group will further boost a business that’s already successfully ran by some InterSearch partners willing to develop new synergy with the European colleagues.
InterSearch and the Fine Arts
Just a few examples of InterSearch partners sponsoring
the arts. Surprised? Most probably they are not the only
ones – another peculiarity of the InterSearch
network.
Schelstraete & Desmedt - sponsor partner of S.M.A.K.
The Arts Page of InterSearch Netherlands
featuring
Rudy Bierman
(1921-1972)
Archipelago 1966aquarelle 48 x 68
Rudy Bierman is the famous dutch painter of the 50', 60' and 70' and is to be considered as the linking pin between figurative and abstract painting movements keeping his artistic independence and therefore his unique artistic approach.