Our Global Reach
The Hanover Search Group is one of the largest and most recognised Executive Search brands both in the UK and Internationally within the Financial Services sector. Incorporated in 1996, Hanover has consistently featured as one of the top 10 boutique search firms within the Executive Grapevines annual survey of the global recruitment market.
The Hanover Search Group now has operations worldwide and maintains it's high standards of delivery on a global scale. See below for how we fulfil mandates and deliver for our clients across the multitude of continents.
FROM ENGAGEMENT TO PLACEMENT -
OUR INTERNATIONAL EXPERTISE
Financial services providers play in a crowded field. As emerging markets continue to open up and offer new opportunities, there is an ongoing challenge to find, develop and retain the most talented senior individuals in this sector. With over 100 years in the global insurance markets, our client is among the world’s largest financial institutions with a truly global presence.
Our client came to Hanover Search Group during a time of fast paced growth for financial services. A robust job market led to great competition for risk management positions and salaries across most foreign Insurers. Additionally, other Insurers were approaching and recruiting their existing Risk staff which would need to be rebuilt. With a serious qualified manpower shortage at hand, they turned to Hanover for expert search and executive talent management advice to source a Chief Risk Officer (Asia Pac) as well as identifying further risk officers to complete the risk function.
We began by conducting exploratory meetings with our client’s Global CRO’s in order to better understand their business goals, the existing structure, culture and personalities. After compiling the results, we finalised the required competency profile and attracting factors.
Next, we aimed repositioned the client’s employer brand proposition within domestic Insurance markets. We articulated the values of a work-life balance and our client’s continuous commitment for personal development. We emphasised the global corporate culture responsible for establishing the client’s longevity in mature markets and success in emerging economies. We focused on the organisations opportunity and plans for further expansion and growth within these emerging markets.
During the targeted search process, we discreetly approached and screened all potential candidates to ensure that they would match our client’s requirements. We invested considerable time in explaining the company’s business objectives to each candidate and vetting them against expectations and cultural fit.
By leveraging Hanover’s global network, we provided our client with a strong short list of local and qualified overseas candidates.
Over the past year, we have successfully helped our client build domestic, regional and global senior risk management functions in Europe, South America and Far East Asia. Attentive to the desired leadership competencies and motivation, Hanover has been able to attract top talent and ensure the senior management team can work diligently and cohesively to achieve the company’s business objectives.
Through our disciplined and targeted approach to search and talent management, we have built a strong, trustworthy relationship with our client.
We took on an extensive project to further strengthen the actuarial operations and governance of a global insurance group in Latin America. Our action plan involved identifying both “local” talent in Brazil, Argentina and Mexico among other Latin America countries, as well as approaching high calibre, globally mobile senior actuaries in the US, UK, Iberian Peninsula and Continental Europe.
We faced two main challenges: The local market lacked actuarial sophistication and presented a series of concerns such as high inflation and cultural variances; while the international market showed a shortage of truly mobile multi-lingual actuaries with globally recognised qualifications.
The outcomes of the search were the hires of a regional chief actuary from the USA, a regional head of reserving from Spain and a personal lines pricing lead from the UK leading to a second cascade of other senior mandates for the region.