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Take a closer look at the latest executive moves and gain deep insights into the trends and key themes that are shaping global markets.
Technology Senior Moves, September 2022
Tech industry appointments remain buoyant in 2022 compared with last year, with slight decline in FinTech movesTALNT is Sheffield Haworth's proprietary AI-driven platform for tracking executive moves, which gathers and analyses all publicly-announced senior moves sourced from 2000+ reputable public sources around the globe.This inSights report reviews all the senior moves within the global technology sector globally and by region. Please note that TALNT increased its volume of data sources in September 2021, so the numbers are not directly comparable on a year-on-year basis. That said, the overall trends remain clear.  Software senior hires have remained buoyant over the last 20 monthsThe global numbers show some consistency in senior moves in the global technology sector since the beginning of 2021. Key hiring periods seem to include June-July in both years and – at least in 2022, January. The January bump can be explained by job searches going on in November and December which pause over Christmas and are finalised in the New Year. image.png 93.82 KBIn terms of overall trends, Tech Services seems to be seeing a steady increase, while Software remains buoyant. FinTech has seen a decline on 2021, which would make sense given that higher global interest rates have likely acted as at least a short-term break on FinTech investment this year. FinTech investment overall remains robust, and 2021 was a record year in some sub-sectors, so we would need to wait a few more months before being confident of longer-term hiring trends.  Software appointments led by Public Sector and Health, and B2Cimage.png 117.85 KBFrom the above chart, it's clear that Telecoms & Network and Cloud Services have been hiring the most within the Tech Services sub sector. However, the numbers here are low, so the patterns are less established. We could assume that this relative dominance is due to a continuing focus globally on digital transformation, cloud migration, and more flexible working arrangements calling for more investment in network and cloud services, in turn causing those firms to need more talent. Tech consulting seems to have taken a hit over the last 20 months. Deep Tech hires were low across the board over the last two yearsimage.png 105.35 KBAlthough senior hires in the Electronics sub-sector are much higher than the rest, even then they are not that high. Generally, this chart suggests consistency with little change, even in the Semiconductor space, where we have seen a lot of geo-politics over the past 18 months. Top 10 C-Suite Positions Sector Comparisonimage.png 67.5 KBThe chart above is colour coded to show what percentage of the top 10 C-suite positions have been hired in the four Technology sub sectors over 2022 so far. Here we can see some interesting contrasts. For example, Chief Product Officer has been an in-demand role in Deep Tech, FinTech, and Software, but not Tech Services. Meanwhile, Deep Tech firms have hired proportionate way more Chief Commercial Officers, Strategy Officers, and even Legal Officers than firms in the other three sub sectors. By the same token, Deep Tech firms have proportionately hired way fewer CTOs and Chief People Officers than the other three sub sectors, where CTOs and People Officers make up a combined 50% of all hires, on average. Top 10 C-Suite Positions - All Sectorsimage.png 52.85 KBThis chart shows that CEO and CFO appointments outnumber the rest of the top ten senior roles hired for by some way. However, the pattern is quite different in the various subsectors. Top 10 C-Suite Positions - Softwareimage.png 81.57 KBTop 10 C-Suite Positions - FinTechimage.png 66.85 KBTop 10 C-Suite Positions - Tech Servicesimage.png 74.66 KBTop 10 C-Suite Positions - Deep TechWhen we turn to Deep Tech, we see a very different pattern:image.png 100.31 KBGender DiversityGender Diversity by Positionimage.png 65.97 KBThe above chart shows the gender balance of senior appointments within the Technology sector by type of position. It is of limited usefulness, but it's nonetheless interesting to note that there is more balance to be found in Managing Director and Senior Vice President roles than many of the others.Gender Diversity by top 10 C-suite roles  - Tech sectorLooking at gender diversity in more detail, this is a revealing chart:image.png 75.76 KBIn it, we can see that women tend to be better represented in the legal, HR, and marketing departments of most Tech firms. Amongst the more senior board roles, there also tend to be more senior women in the CFO position compared to others. This is a pattern we see across most industries. Legal, HR, Marketing and Finance departments are relatively more popular with women, and so tend to have more female talent available from which to choose. It is also easier to find senior female talent in other industries in these functions to bring in from outside the Tech sector.When companies seek to increase their gender diversity, it is normal for them to increase female headcount in these same "usual suspect" departments of CFO, Legal, HR, and marketing, so these gender stats are unsurprising. Gender Diversity by top 10 C-suite roles - Software image.png 72.95 KBHere we can see once again that women are much more predominant within the finance, legal, HR, and marketing departments, though within Software they are also more in demand as Chief Risk Officers and Chief Business Officers. Gender Diversity by top 10 C-suite roles - FinTech image.png 75.17 KBWithin FinTech, we see more gender balance, with six of the top ten C-suite roles being 20% women or higher. While HR and marketing lead the way again, finance and legal are much less out in front in this sub-sector. Gender Diversity by top 10 C-suite roles - Tech Servicesimage.png 65.88 KBThe relatively high percentages of roles taken by women in some of the C-suite positions above is partly explained by the low overall numbers, which lead to greater statistical variance. While 100% of Chief Legal Officers within Tech Services were women in 2022, there were only three Chief Legal Office appointments so far this year. Gender Diversity by top 10 C-suite roles - Deep Techimage.png 69.68 KBAgain, the extreme gender percentages in the chart above are also explained by the greater statistical variance inherent in working with relatively low numbers. That said, on the surface, this looks as though the Deep Tech sector suffers from a dearth of senior female candidates for C-suite roles, or that sector expertise is valued more highly than the others, which makes it more difficult to hire senior female talent from outside the sector, or simply that Deep Tech firms make gender representation far less of a priority at C-suite level. Disclaimer:The data in this report is compiled from public information and sources. All content is provided "as is" without warranty of any kind. This report is based purely on our opinions and insights. TALNT shall not, in any way whatsoever, be responsible or liable for any information published or your use of this data. The report should be used for information and analysis purposes only. This document may not be reproduced, published, or redistributed in whole or any part for any purpose without the prior written consent of TALNT. We recommend that this report is not used beyond its intended use.
Consulting and Professional Services Senior Moves, August 2022
AsiaPAC hires drive resurgence in global finance consulting appointments, while US hires drove a spike in Strategy Consulting hires in FebruaryTALNT is Sheffield Haworth's proprietary AI-driven platform for tracking executive moves, which gathers and analyses all publicly-announced senior moves sourced from 3000+ reputable public sources around the globe.This inSights report reviews all the senior moves within the global consulting and professional services sector globally and by region. Consulting senior hires have been muted over the last 19 monthsThe global numbers show a fall in senior moves in the global consulting sector since the beginning of 2021. There was a spike in demand in February this year and a possible sustained increase over the last few months, which we explain in the next section.image.png 51.24 KBOverall, the sector seems risk averse regarding senior hires. This may reflect market trends which have seen increases in the complexity of projects and the value that clients demand, thereby squeezing operating margins at a time when competition for top talent has never been fiercer. Many senior consultants and partners are moving to other industries, citing the desire to be more hands on and to see more projects through to execution, as well as a disinclination to travel as much as they did pre-Covid. Finance consulting making a comeback?image.png 81.45 KBLooking at global senior hires by consulting sub-sector, we see that 2021 saw a sharp decline in senior appointments across the board. While there was a spike in Strategic Consulting senior moves in February this year, this has since returned to consistently lower levels. However, Finance Consulting hires continue to increase, driven by slow and steady increases in EMEA and a sudden spike in demand in AsiaPac: image.png 68.87 KBOne consulting firm stands out when it comes to hiringThe below chart shows the top 10 global consulting firms ranked by total number of moves over the last 12 months (July 2021 - July 2022). At first glance, we can see an expected pattern: that the likes of KPMG, EY, and Deloitte are top when it comes to senior moves. image.png 16.03 KBHowever, digging a little deeper tells a different story. KPMG, Deloitte, EY, and PwC come top in terms of senior talent leaving their businesses. When it comes to hiring senior talent, they are all way behind FTI Consulting, who hired 40 senior leaders between July 2021 and July 2022 – way more than KPMG, who came in second with 26 hires in the same period. This is all the more remarkable because FTI is a Fortune 1,000 company with around 6,700 employees and annual revenues in 2021 of $2.78 billion. The 'Big Four' companies of KPMG, Deloitte, EY, and PwC are all more than ten times larger. The other companies listed in the chart - from Boston Consulting Group and Accenture to IBM and Capgemini - are also much larger than FTI, with only Arthur D Little being smaller. Looking at the top 10 companies hiring the most just for the first seven months of 2022, we see FTI again way ahead of the pack:image.png 21.01 KBAlthough Finance Consulting senior hires in AsiaPac and EMEA seem to have been driving overall growth in the sector, this doesn,t explain FTI's growth, more than half of which has been in its home market of North America:image.png 18.62 KBAt the same time, the senior appointments announced have not been concentrated in any particular sub-sector. Rather, the firm has been hiring across all sub-sectors, with Technology and Finance being the top two, followed by Compliance, Advisory and Healthcare. What is notable about this split is that in 2021 the firm generated 10% of its total revenues from Technology, suggesting that management is making the expansion of this practice a strategic priority over the next few years.image.png 32.42 KBIt's also interesting to see where the firm has hired senior talent over the last three years of growth:image.png 35.3 KBHere we can see the firm has successfully poached several senior leaders from Deloitte. This backs up what we've been seeing in the consulting talent market anecdotally, where experienced directors and partners are migrating out of Big Four firms either into industry directly, or else into smaller, growing consultancies such as FTI that offer more opportunity for greenfield business building and seeing projects through to execution.Gender diversity trends in senior global consulting hires over the last 19 monthsGlobally, the stats show a similar story, with just under a third of consulting hires being women - a pattern repeated with remarkable consistency across the largest global regions:image.png 43.18 KBWhen we do a deeper dive into the gender split of the consulting firms that hired senior talent over the last 12 months, this is what we see:image.png 46.15 KBAgain, we can see that FTI Consulting stands out for almost hitting 50-50 parity with its senior hires. Looking at the rest of the firms on the list, this seems difficult to do. On the whole, those firms with the highest percentage of female senior appointments such as Kearney or Boston Consulting Group have hired low numbers overall, while some - such as Deloitte, KPMG, IBM, and Accenture – seem really to have struggled to bring on female senior talent. Given that FTI Consulting alone hired almost 31% of all the senior women hired across the entire industry in the last 12 months, perhaps this says that FTI has developed a truly outstanding employee value proposition for women. Or that they have simply invested more time and effort into hiring more women. Whatever the reason, it is clear that several firms are struggling to increase gender diversity by comparison. Anecdotally, we know that several of the larger consulting firms are aware of this issue and undergoing some soul searching and analysis to understand why they're struggling - and to improve 
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Top Industry Movers

26 September 2022 - 2 October 2022
Wealth & Asset Mgmt
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FEMALE
53
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1
Leaving
+52
Insurance
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16
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0
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+16
FinTech
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FEMALE
18
Arriving
2
Leaving
+16
Consumer
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FEMALE
16
Arriving
2
Leaving
+14
Banking
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FEMALE
10
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0
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+10
Real Assets
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FEMALE
8
Arriving
0
Leaving
+8

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