Government deregulation, large corporate M&A deals and technology-enabled business models have changed the landscape of the banking and financial services industry. Banks and inancial institutions have had to alter their business practices to cater to evolving needs and aspirations of consumers while simultaneously capturing the growing opportunities. As a result, there has been a significant rise in the need for high quality executives, change-makers and relationship-focused leaders with international experience.
Ray & Berndtson has been deeply involved in placing top executives and building the teams for some of the biggest national and international banks and financial institutes globally.
We have worked with 8 of the top 10 banks in the nation and our high quality delivery capabilities has resulted in 70% repeat clients. We cover searches across areas including Consumer & Retail Banking, Wholesalee Banking (Corporate Finance & Capital Markets), Trading, e-Finance, Venture Capital, Private Equity & Hedge Funds, Debt, Structured Products & Derivatives and Insurance & Remittance.
The client is a global hedge fund with USD 1.5 billion of assets under management invested in developed markets and emerging markets. They are expanding their market coverage and their assets under management by about 20% for the last 2 years. This trend is expected to continue for the next 3-4 years. In this growth environment, the nature of the risk function has changed considerably and a Chief Risk Officer will play a key role in ensuring healthy and sustainable growth of the book.
Our need of the hour was to grow the scale of our existing asset book by 25% each year over the next 5 years. In this regard, we needed to find a senior leadership recruitment partner with the capability to map the entire market of relevant candidates for key roles in credit, risk and sales and to attract candidates who would be difficult for us to hire directly. Ray & Berndtson proved to be that partner and their hires have made a telling impact on the growth of our operations.
An Asset Management Company with USD 2.5 Billion Assets Under Management