NEW YORK, April 11, 2012 —
The financial crisis and the regulatory impact on financial services business has resulted in new corporate cultures requiring different leadership skills, according to Rob Sloan, Managing Partner of the Financial Services Practice, Egon Zehnder International, a global search firm.
Sloan commented on this trend in an in depth video interview that can be found at http://www.egonzehnder.com/video-financial-services
“We’ve seen many corporate executives now being evaluated for their ability to change attitudes towards risk where long term performance is being valued over short term gain requiring different skills for those leaders managing teams,” said Sloan.
The tectonic shifts in the financial industry led to cultural changes within all industry segments from asset management to banking. The cultural change affected how talent is managed and created a great disparity across specific segments of the industry and the financial industry overall as to where companies are at in a talent management cycle.
“A new style of leader has emerged,” said Sloan. “Leaders now have a vision and strategic view and are building management teams that create success in a choppy marketplace. We are now beginning to see results that translate into financial performance,” he added.
Egon Zehnder International is the largest privately-held executive search firm in the world with over 400 consultants operating from 64 wholly owned offices in 38 countries. The firm specializes in senior-level executive search, board consulting and director search, management appraisals, and talent management.
Egon Zehnder International’s clients range in size from the world’s largest corporations to emerging growth companies to government and regulatory bodies and major educational and cultural organizations. Egon Zehnder International has sector specialists organized into global practices. These include Industrial, Financial Services, Consumer, Life Sciences, Technology & Communications, Services, Private Capital and Sovereign Wealth Funds. For more information visit www.egonzehnder.com.