Top 10 Executive Moves Within The Software and Deep Tech IndustriesIn the past month, TALNT has collected over a thousand people moves across Consumer, Tech Services, Infrastructure, Software, Deep Tech, FinTech, and Consulting industries. Here are the Top 10 most viewed moves of the period:1. Apple Announces the Departure of Two Top ExecutivesApple announced the departure of two top executives, amid recent high-profile exits from the tech giant. The two top executives that left Apple are Anna Matthiasson, Vice President of the Online Retail, and Mary Demby, Head of Information Systems. Anna Matthiasson is leaving her position, the report cited people with knowledge of the matter, and Mary Demby is retiring from the company after three decades...(Read More)2. Xerox Appoints John Bruno as President and Chief Operating OfficerXerox Holdings Corporation today announced the appointment of John Bruno as President and Chief Operating Officer. Bruno joins the team following Steven Bandrowczak's promotion to Chief Executive Officer earlier this year. In this role, John will partner closely with the CEO and leadership team to shape the company's global strategy and will be accountable for operating model advancements to improve company performance. He will also oversee global offerings, service delivery, marketing, manufacturing, supply chain, procurement, information technology, and Xerox's IT services business unit...(Read More)3. Jeff Ryan Joins McAfee as Senior Vice President and Chief People OfficerMcAfee Corp, a global leader in online protection, announced the appointment of Jeff Ryan as Senior Vice President and Chief People Officer, effective Nov. 28, 2022. Ryan will join the McAfee executive team reporting directly to Greg Johnson, President and Chief Executive Officer. Ryan joins McAfee to strengthen talent strategy and enhance employee engagement...(Read More)4. TikTok Names ByteDance CFO Shou Zi Chew as New CEOTikTok appointed Shou Zi Chew, a Singaporean national, as the new Chief Executive Officer of the hot video-sharing platform, the company said on Friday. Chew, based in Singapore, will retain close ties to TikTok's Chinese owner ByteDance where he will remain Chief Financial Officer. "We will continue building out our strong and deep management team as we set the stage for the next phase of TikTok's success," Chew said in a statement. TikTok's interim head Vanessa Pappas, who led the company on an interim basis after the abrupt departure of its CEO last year, Kevin Mayer formerly of Walt Disney, will be the new chief operating officer...(Read More)5. Moog Inc. Announces CEO TransitionMoog Inc. announced today that John Scannell, Chairman and Chief Executive Officer, has announced his intention to retire as CEO effective February 1, 2023. He will continue to serve on Moog’s Board of Directors as Non-Executive Chairman. Moog's Board of Directors has appointed Patrick J. Roche to succeed Mr. Scannell as Chief Executive Officer effective February 1, 2023...(Read More)6. Industry Veteran Rohan Houlden Appointed CEO of Gallium SemiconductorGallium Semiconductor, an innovative supplier of RF Gallium Nitride (GaN) semiconductor solutions, today announced the appointment of Rohan Houlden as Chief Executive Officer, effective immediately. As CEO, Mr. Houlden will focus on expanding Gallium Semi's product offering and driving its revenue growth. Mr. Houlden brings over 30 years of industry experience having served in leadership positions across various semiconductor companies, most recently as Chief Product Officer at Akoustis Technologies. During his tenure, he led product strategy and product development, and played a pivotal role in establishing Akoustis as a high volume supplier of RF BAW filters for WiFi Access Points, 5G infrastructure, 5G mobile, and other applications. Prior to Akoustis, Mr. Houlden served as General Manager of the Connectivity Business Unit at Qorvo, Inc...(Read More)7. Renesas Announces New Sales Organizational Structure and Executive Personnel Changes to Drive Next Phase of GrowthRenesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, today announced a new sales organizational structure and executive leadership team appointments to execute on its strategy and growth ambitions. The changes are designed to bolster Renesas' leadership in embedded semiconductor solutions and serve as a solid foundation for future growth. The new executive team roles are as follows: appointment of Chris Allexandre as Chief Sales & Marketing Officer (CSMO); and, appointment of Vivek Bhan as Co-General Manager of Automotive Solution Business Unit...(Read More)8. CIENCE Appoints Michael Gear as New CEO to Lead Next Phase of GrowthCIENCE announced today that Michael Gear has been appointed the new CEO of the company. An experienced business leader, Gear will assume CEO responsibilities effective immediately while August Keating becomes President and COO. The move marks an inflection point in CIENCE's growth as the company aggressively expands its unique software (CIENCE GO Platform) and services by offering the first-ever operating system as a service (OSaaS) delivery model combining technology, people, and methodologies that have been campaign battle-tested for five years...(Read More)9. Amperity Strengthens Leadership Team By Welcoming New Chief Marketing Officer and Chief People OfficerAmperity, the leading customer data platform (CDP) for enterprise consumer brands, today announced the hiring of Seema Kumar as chief people officer and Megan McDonagh as chief marketing officer. Together, the two bring extensive expertise within their respective industries to Amperity's growing leadership team. "The company is experiencing unprecedented growth, and we are thrilled to welcome both Seema and Megan to the team as we take Amperity and the customer data platform category to the next level," said Barry Padgett, CEO at Amperity. "Both have a successful track record for building and scaling organizations to support rapid growth, and equally important, they share in our mission to help people use data to serve the customer. I look forward to working with them as we elevate our brand awareness around the globe, and continue to demonstrate why Amperity is a great place to work." (Read More)10. Facebook Parent Meta Appoints Sandhya Devanathan As Vice President for India BusinessMeta (formerly Facebook) on Thursday announced the appointment of Sandhya Devanathan as the Vice President of Meta India, as several key executives leave the company in recent days. She will start her new role on January 1, 2023, and will report to Dan Neary, Vice President, Meta APAC. Devanathan will be a part of the APAC leadership team and will move back to India to lead the country's organization and strategy. "Sandhya has a proven track record of scaling businesses, building exceptional and inclusive teams, driving product innovation, and building strong partnerships. We are thrilled to have her lead Meta's continued growth in India," said Marne Levine, Chief Business Officer, Meta...(Read More)

As ESG strategy and the ESG function grows in importance, we take a deeper dive into the most interesting ESG senior moves this yearTALNT 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 some of the most interesting senior Environmental, Social, and Governance (ESG) appointments and moves across all major sectors since January 2022.High level global trends in ESG senior rolesimage.png 37.31 KBThe chart above shows what proportion of senior-level ESG roles in EMEA have been hired in each major sector. Here, we can see that Wealth & Asset Management is way ahead of the curve in EMEA, being responsible for hiring 56% of all senior ESG roles in the region, with Insurance coming second and Retail Banking third. In the Americas region we can see a similar dominance in the Wealth & Asset Management sector when it comes to ESG senior hires in the region. However, where Insurance and Retail Banking were the next most important in EMEA, in the Americas the picture is very different. In this region Energy & Natural Resources comes second, followed by Consulting, Consumer, and Real Assets in joint third.image.png 36.66 KBThe APAC region shows a slightly different pattern again, with Wealth & Asset Management once again hiring the most senior ESG roles. In this region Consumer Banking is a clear second place at 19% of all roles, followed by Consumer and Real Assets in joint third.image.png 17.22 KBThe global gender split for senior ESG appointments shows that this has become one of the functions where women actually dominate hiring, as is often the case with, for example, HR and Marketing. In this case, of the senior ESG appointments tracked in TALNT, 59% were women and 41% were men. Top 15 ESG appointments since January 2022With that context out of the way, let's take a look at the most interest appointments in ESG across sectors so far this year. Of the 151 senior ESG moves tracked in TALNT, those that received the most interest from our subscribers were:Leong Li Sun, who joined AIA Singapore as head of ESG in January. Leong's mandate is to embed the company's SG commitment within its operations across five strategic pillar: health and wellness, green operations, sustainable investment, people and culture, and effective governance. Prior to joining AIA, she was vice president and head of corporate sustainability at United Overseas Bank (UOB) and served as secretariat for the UOB Group's sustainability committee.Victoria Baxter, who joined recruitment consulting firm Korn Ferry in January as senior client partner, ESG and sustainability.She joined Korn Ferry from Weber Shandwick where she served as executive vice president and North American lead for the social impact practice. Prior to this, Baxter worked in public affairs including as deputy director, communication and public affairs in the United Nations Foundation.Sandra Carlisle, who was announced as Jupiter's head of sustainability in February, with responsibility for leading the asset manager's newly established corporate sustainability function. Carlisle joins Jupiter from HSBC Asset Management, where she was global ESG lead for the institutional business since 2017. She also chaired the HSBC Asset Management climate business council between 2018 and 2020. Prior to this, she was head of responsible investment at Newton Investment Management.Margaret Anadu, Goldman Sachs' youngest black female partner, who was set to be leaving the company according to an announcement in February.For the last year of her 18-plus years at the firm, Anadu was a partner and global head of sustainability and impact. Since July of this year, she has been senior partner at the Vistria Group, a private investment firm that includes social impact as part of its goal.Josiane Fanguinoveny, who joined UBS as executive director, ESG advisory in May. Fanguinoveny was one of a pair of hires at the bank dedicated to helping firms with their clean energy transition and to grow ESG-related transactions for the company. She joined the firm after spending several years at Sustainalytics, a Morningstar company that rates the sustainability of listed companies based on their environmental, social and corporate governance performance.Alice Sireyjol, who joined asset management firm Amundi in May as deputy head of ESG development. Sireyjol joins from EY where she spent over three years as a sustainability specialist advising companies in various sectors to decrease their environmental impact, rethink their supply chain and drive innovation. Prior to this, she spent six years at PwC in London, leading a sustainable development team overseeing natural capital impact projects.Rachael De Renzy Channer, who was appointed global head of sustainability at leadership advisory firm Egon Zehnder in July. Based in London, De Renzy Channer has led the global Sustainability Practice Group at Egon Zehnder for the past three years, helping organizations around the world develop their cultures, teams, and leaders to be forces for good.Priya Bellino, who joined Sumitomo Mitsui Banking Corporation in July as its new head of ESG in APAC. Bellino joined the Japanese banking giant from professional services firm EY, where she was Southeast Asia head of sustainable finance and ESG consulting. Before EY, Bellino worked for Goldman Sachs for a 17 years in London and Singapore, holding roles including head of Asia Pacific risk engineering. She previously ran her own sustainability consultancy, Aquabaleno, which offered training and capacity building for sustainable finance and sustainability reporting services.Donna Riley Bebb, who joined private equity manager Thoma Bravo to become its new director, head of ESG in July. Bebb joined from Google, where she had been head of global credit and ESG, overseeing $56 billion in corporate cash and designing "an investment-grade" ESG strategy. At Thoma Bravo, Bebb will work with investment teams to assess ESG-related opportunities and risk throughout the investment cycle, as well as serving as a strategic adviser to Thoma Bravo's portfolio companies on best-practice implementation.Elodie Broad, who left Deloitte in August to join Balderton Capital as the company's first ever head of impact and sustainable future goals. At Deloitte, Broad gained extensive experience working with large corporates on defining their sustainability approach to leverage their core business model.Kerry Constabile, a senior climate change specialist, who left Google in August to join Standard Chartered as the firm's managing director, net zero and sustainability strategy. Constabile has more than 20 years' experience driving decarbonisation and climate tech investments at global organisations, founding industry coalitions, and developing climate and ESG funds and policies. At Google, she led the company's sustainability strategy and company-wide climate plans including net zero, carbon market and removal strategies. At Standard Chartered, she will be responsible for managing key strategic sustainability initiatives, as well as overseeing net-zero target setting and delivery of the bank's commitments across scope 1, 2 and 3.Amani Boros, who joined State Street Corporation in Zurich in September as managing director, head of ESG. Boros will lead SSBI's sustainability and ESG efforts by developing and overseeing the ESG strategy and lead interactions with clients, regulators and stakeholders. She joined State Street from Thompson Reuters where she was most recently a director. Prior to that, she worked at Credit Suisse as head of risk and control for the sustainability, strategy and finance group.Justin Wu, who joined HSBC in September as its first co-head of climate change Asia Pacific to lead the development and implementation of the bank's sustainability strategy in the region. Wu moved to HSBC from Bloomberg New Energy Finance, where he was the Asia Pacific regional managing director working with governments, finance, energy and technology companies on their net-zero business strategies. Wu will be based in Tokyo until mid-2023, when he will relocate to Hong Kong. This appointment adds to HSBC's stated commitment to the climate transition and Wu will lead the bank's engagement with big companies, regulators and other stakeholders on the issue.Susannah Fitzherbert-Brockholes, who joined HSBC in London in October as director of sustainable finance. Fitzherbert-Brockholes joins from PwC where she spent nine years in its sustainability consulting practice. Previously, she was a senior consultant at WSP's sustainability business.Esther Tsang, who joined UBS's APAC sustainable finance office as ESG corporate strategy lead in January. Tsang joined UBS from Bloomberg Intelligence where she was an ESG analyst focused on the region's trends including market and regulations updates, climate change, carbon emissions and corporate governance and linking performance to financial value. Previously, she was also ESG consulting manager at Ernst & Young.

Which sectors are senior talent from wealth management and investment banking moving to?TALNT 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.Over the last few weeks, some TALNT clients have asked us to track where senior talent from the investment sector is moving to, so this inSights report reviews all the lateral senior moves from the wealth management and investment banking sector. Let’s first take a look at 2021 moves and compare those to 2022.  Consumer Banking and FinTech were the most popular sectors to move to in 2021image.png 25.17 KBAs the above chart shows, the Consumer Banking and FinTech sectors were by far the most popular sectors for senior banking talent leaving wealth management and investment banking. We can see this is true regardless of region, while the US clearly dominates in terms of the numbers of senior moves out of investment banking into other sectors. Infrastructure, Real Assets, Consulting, and Software were the next most popular destinations, followed after that by Tech Services and Insurance. It is perhaps a testament to the more dynamic and flexible nature of the US jobs market that they also have higher number of senior executives moving into Tech Services, Software, Real Assets, and Energy – sectors where there is very little hiring in EMEA or APAC, by comparison. Interestingly, Consulting was the only sector to see more lateral moves in EMEA than in the Americas.Consumer Banking and FinTech also dominate senior lateral moves this yearimage.png 25.84 KBThe pattern for lateral moves was almost identical this year when compared with 2021. Consumer Banking is by far the favoured destination for senior talent, followed by Fintech. This year, Insurance has proved a little more popular than in 2021, and it’s interesting to see a more even split between EMEA and Americans when it comes to FinTech moves. Insurance and Infrastructure have also seen more of balance between the American and EMEA markets when it comes to the numbers.Moves into Operations Consulting fell sharply year-on-year, though this was countered by a doubling of moves into Strategy Consulting and Risk Consulting over the same period. Moves into Digital Banking fell by almost 80% year-on-year, and there were also lower numbers of moves into Payments and Lending. These declines were counterbalanced by the more than 300 senior moves into Retail Banking, which dominates moves into the sector. Energy saw a 400% increase in senior moves from wealth management and investment banking year-on-year. FinTech moves also increased, apart from in the Banking Tech and Blockchain subsectors. Infrastructure moves from banking were down significantly on last year, while Insurance saw a significant increase in Life & Health and Nonlife, with only the Broking/Intermediary sub sector taking on fewer senior hires than last year.Gender diversity in lateral moves, 2022For the moves tracked in TALNT between wealth management and investment banking to these other sectors, we ran a quick analysis of the gender split. image.png 22.27 KBWhat we found was fairly expected, given that most sectors we analyse for gender diversity will tend to show between 22% and 28% of senior hires being women in most given periods under analysis. Wealth management and investment banking being a sector where roughly 25% of senior hires have been female since the beginning of 2022, with EMEA hiring the smallest proportion of women amongst the regions, it is not a surprise to see that proportion echoed here at 24.4% of lateral senior moves out of the sector. Top 12 senior lateral moves out of wealth management and investment banking, 2022Let’s take a deeper dive into the lateral moves that attracted the most interest from our subscribers on TALNT.Brian Jinks was appointed Vice President, Corporate Finance & Business Development, Americas, at Vecino Energy Partners. Brian joined Vecino from Moelis & Company, where he was a managing director specialising in advising companies in the energy infrastructure sector. Brian has 22+ years of investment banking experience and has advised on the origination and execution of a full spectrum of transactions in the energy infrastructure and energy transition sectors, including strategic advisory, M&A and capital raises. Clearly, this was a good example of an investment banker with specific Energy sector expertise, making Brian an excellent fit for moving directly into the sector. Heng Vuong was appointed Executive Vice President and Chief Financial Officer at iron ore mining and development company Tacora Resources. This is another example of an investment banker developing mining industry expertise prior to moving, since Heng had moved from Goldman Sachs, where he spent most of his 18-year career focused on the metals and mining sector – most recently as a managing director at the investment banking services division where he advised companies in the natural resources, industrial, technology, and real estate sectors. John C Griffith left his role as Managing Director in Bank of America Securities’ Mergers & Acquisitions group, to join American Water Works Company as Executive Vice President and Chief Financial Officer. John served as the lead investment banker on major US and international utility transactions while as Bank of America. Prior to that he was CEO of HighWave Energy, a startup renewable fuels company. Prior to that, he spent 14 years at Merrill Lynch & Co.Ken Chapman, who left Wells Fargo to join blockchain firm Anchorage as its Managing Director, Banking and Capital Markets. At Wells Fargo, Ken was Head of Capital Markets, Crypto, Digital Assets & Blockchain, making this yet another example of an investment banker building up expertise in a market niche before moving into that niche directly. Edward Liu left his role at Morgan Stanley after 20 years at the firm, to join blockchain firm Zocdoc as its CFO. Prior to his move, Edward had been Head of Americas Technology Banking.Marc Zenner, who joined non-banking tech company Persefoni as CFO after retiring from a 16-year career at JP Morgan and Citi. As global head of corporate finance advisory at JPM and financial strategy at Citi, Marc provided senior level corporate finance and strategic advice to major corporations. Marc advised boards and senior decision makers on spinoffs, dividends and buybacks, hedge fund activism, capital allocation, valuation, strategic decisions, capital structure, investor communications, risk management, and liquidity. Jason Chung, who left Nomura to join Riot Blockchain as Head of Corporate Development. Jason specialised in M&A at Nomura, and also spent eight years at Societe Generale SA.Pavel Fyodorov, who left Morgan Stanley to join Russia’s Tinkoff Bank as co-CEO. At Morgan Stanley, Pavel had been an investment banker and energy executive. Tinkoff specialises in consumer credit and is the world’s largest digital bank measured by number of customers. Riccardo Orcel, who left his role as Head of Global Banking at VTB Capital to join mining company Polymetal as Chair of the Board.Orcel joined VTB in 2011 having previously worked at Bank of America, rising to become deputy chief executive and head of global banking at VTB’s investment banking arm.David Sola, who left his role as MD, Global Investment Banking at independent investment bank Houlihan Lokey to join blockchain company GSR as COO, EMEA. David had spent 10 years at Houlihan Lokey, focusing on helping firms navigate the technological, financial and regulatory aspects of traditional and digital finance. GSR is keen to leverage his European banking network to help expand its business to traditional financial companies entering the digital asset marketplace. Nabeel Vilcassim, who has joined non-banking tech firm ComplyAdvantage as CFO.Prior to the move, Nabeel was MD & Head of EMEA Fintech Banking at Moelis & Company. He has more than 15 years of investment banking and corporate finance experience advising global financing services firms, FinTech and market infrastructure firms on M&A, financing, and strategic investment transactions. Hannes Wessels, who has joined cryptocurrency exchange Binance as Head of Country for South Africa. Hannes joins the company from his prior role at HSBC as Head of Global Banking, South Africa. 

Increased activity in the sector in the wake of global shortages and the war in Ukraine has resulted in a rise in senior appointments over the summerTALNT 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 energy sector globally and by region. Traditional energy firms lead the numbers of senior hires in 2022 image.png 63.4 KBAs the above chart shows, expansion in the energy sector this year has led to an increase in board rotations and new hires, with most of that activity being in North America. Traditional energy generation and distribution firms have had the most appointments in the market, followed by companies in the Mining sub-sector. Despite an explosion in the number of new energy firms globally over the last few years, the number of publicly announced senior hires has been relatively muted:  image.png 104.75 KBIndeed, we can explain these trends fairly simply. Most utilities have huge numbers of staff. Engie, for example, have over 150,000 employees globally and hundreds of internal applicants for all jobs posted. In other words, utilities and renewable companies already have staff and very little need to hire huge numbers to add value or run solar panels. New Energy firms, by contrast, are more reliant on tech and have lower staffing levels, and this is reflected in the trends we see above.The companies that have been hiring the most senior talent in the sector is fluid. As we can see from the charts below, the top 10 companies with the most senior hires this year is very different from the top 10 last year, with no obvious pattern:image.png 66.91 KB ESG and sustainabilityMost companies in the sector are genuinely committed to pursuing a net zero carbon agenda and more environmental sustsainability. However, this doesn’t necessarily translate to a huge number of hires in this field. Some hires are made internally while other times firms aren’t sure what they want and so put off making hiring decisions. Certainly when we look at the most popular senior roles hired for since January 2021, we can see that traditional roles dominate, including non-executive board appointments, CEO, and CFO: image.png 52.43 KBD&I and gender diversityAll firms recognise the importance of gender diversity, but the extent to which this is reflected in senior hires is an interesting question. image.png 56.56 KBOverall, as we can see from the chart above, roughly 24% of senior hires have been female since the beginning of 2021, with EMEA hiring the smallest proportion of women amongst the regions. Looking at gender diversity in the top 10 senior positions hired for in 2022, we can see that appointing women to the board is the favoured way for most firms to increase gender representation at the senior level – a strategy which is fairly common across most major sectors:image.png 47.89 KB It is also interesting to note that there are generally more women hired into CFO and Investor Relations positions that any other. It will be interesting to track this trend in the months ahead to see how this changes.If you would like to talk to Sheffield Haworth about your talent needs in the energy sector, please reach out to Damian Goodburn, Managing Director, Energy and Natural Resources Practice: goodburn@sheffieldhaworth.com 

Wealth management and fund management appointments peaked in June, while private equity moves remained robust and rose slightly since the beginning of the yearTALNT is Sheffield Haworth' 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 wealth and asset management sector globally and by region. Wealth management and fund management lead the numbers of senior hires in 2022image.png 61.73 KBAs the above chart shows, the sub sectors of Wealth Management and Fund Management have seen the highest numbers of senior appointments in 2022, with both peaking in June. Private equity has also seen steady growth since the beginning of the year. Note: in our data sets, we use Fund Management to mean broadly asset management - ie the management of investments - as opposed to Wealth Management, by which we mean consumer financial advice.The top senior-level roles being hired for have been as follows since the beginning of the year:image.png 56.42 KBThe companies that have been hiring the most senior talent in the sector were:image.png 59.01 KBLet's take a deeper dive into the sub-sectors to assess what's driving these trends:Wealth management strategic hires driven by US marketimage.png 32.74 KBLooking at the chart above, it’s clear that the US market is larger and more active than EMEA or AsiaPac. This data matches what Sheffield Haworth's experts are seeing in the market. The peak of early summer seems to reflect a plethora of senior hiring activity earlier in the year. The current tailwinds of Ukraine, high inflation, rising interest rates, and impending recession suggest that we may see a drop in the last few months of the year, so this is something we’ll be keeping an eye on. image.png 125.11 KBFund/asset management senior hires driven by Europe and UK activity; Asia remains muted due to slower emergence from Covidimage.png 37.71 KBThe above chart shows that, in contrast to the senior appointments in Wealth Management, in this case the EMEA region is taking the lead. According to Sheffield Haworth's market experts, asset managers in the UK and Europe have been upgrading and upskilling their client engagement teams. The US has been very active also, while AsiaPac has remained muted due to taking longer to emerge from the Covid pandemic.With activity around sales teams, we would expect to see some reflection in senior appointments:image.png 60.95 KBWhat we can see is a large bias towards CEO appointments, followed by CIOs, CFOs, chairpersons and COOs. US activity driving Private Equity appointmentsimage.png 29.03 KBThe chart above suggests that US private equity activity has dwarfed that in EMEA or AsiaPac. Given that fewer than 10 of the world’s top 25 PE funds are based outside the US, this makes sense. However, it is worth noting that in Europe many moves do not make it to press and therefore will not be picked up by TALNT. So EMEA activity is likely a lot higher than is shown in the chart above, though it is right to see the US as the dominant and trend-setting region in this sub-sector.Within Private Equity, sectors like healthcare and tech remain in vogue and there is continued hiring in those. Beyond that, we still see huge demand for capital raisers and there has been a big focus on the past 12-18 months in going after the wealth channel. image.png 85.71 KBCoverage of hedge fund moves favours the US market, thereby skewing global statistics on TALNTimage.png 26.75 KBThe chart above shows very low numbers of senior appointments, with no public information at all about moves in AsiaPac. As with private markets, there are more and larger players in the market in the US, and subsequently more activity. Smaller funds in Europe and Asia rarely receive much press and as such moves that are tracked will be skewed towards the larger, US players. Funds are starting to be a bit more proactive regarding hiring activity, but in the most part they avoid publicity. There will be a lot more dispersion in results this year which may result in more activity next year, but generally it's been a tricky market and firms have been taking a cautious approach. As with private markets, we've seen more 'bench filling' as opposed to marquee hirings, partly because of the cost involved.image.png 71.13 KBESG hires across the sectorOf the publicly-announced moves in 2022, 13 of those were for Heads of ESG and eight were for Heads of Sustainability. Five of the Heads of ESG were found in the Wealth Management sub-sector, while all eight Heads of Sustainability were hired within the Fund/Asset Management space. Asset managers are seen as very much having taken a leading role within the Financial Services industry when it comes to promoting ESG, both in terms of hiring and in terms of selecting investments through an ESG lens. Asset management clients expect the firms they use to reflect society at large so this is driving gender and ethnicity hiring. Wealth Management is generally seen as lagging Asset Management in terms of ESG hires. However, as one of our market experts explained, wealth managers generally invest through third party, asset manager funds, as opposed to directly investing in markets themselves. Therefore, it is first and foremost up to asset managers to decide to invest with ESG or sustainability credentials.  It is only once these ESG funds are proven or have a track record that wealth managers can reasonably start to prioritise their own focus on the inclusion of ESG or sustainable exposure in their client portfolios.Within Private Equity, diversity and ESG are being talked about but lag Asset Management in terms of notable hiring activity. This is partly because PE funds are typically much smaller businesses and so often heads of ESG will just be someone internally who is passionate about the space or wants the role, as opposed to companies making specific external hires.Gender diversity across the sectorAll firms recognise the importance of gender diversity, but the extent to which this is reflected in senior hires is an interesting question.image.png 61.25 KBOverall, as we can see from the chart above, roughly 25% of senior hires have been female since the beginning of 2022, with EMEA hiring the smallest proportion of women amongst the regions. Gender Diversity in Top 10 C-Suite & Head Positions of Senior Executive Movesimage.png 42.42 KBMonitoring diversity by individual role, we can see that there are many more women Chief Marketing Officers than men as a proportion of the whole, while CFO, Distribution, COO and Vice Chair appointments all manage 30% or higher. Within Wealth Management, women outnumber men in CFO appointments this year:Gender Diversity in C-Suite & Head Positions of Senior Executives in Wealth Management image.png 28.88 KBWithin Fund/Asset Management, the highest proportion of senior female appointments this year was in Sustainability:Gender Diversity in C-Suite & Head Positions of Senior Executives in Fund Managementimage.png 39.78 KBWithin the Private Equity space, women are fairly poorly represented when it comes to public appointments so far this year, though it's difficult to read too much into this since so many appointments were not publicised:Gender Diversity in C-Suite & Head Positions of Senior Executives in Private Equityimage.png 48.73 KBThe same is true of Hedge Fund appointments, where the publicly available data show no women hired into senior roles at all this year - again, this may not be entirely accurate:Gender Diversity in C-Suite & Head Positions of Senior Executives in Hedge Fundsimage.png 43.45 KB

Top 10 Executive Moves Within The Software and Deep Tech IndustriesIn the past month, TALNT has collected over a thousand people moves across Consumer, Tech Services, Infrastructure, Software, Deep Tech, FinTech, and Consulting industries. Here are the Top 10 most viewed moves of the period:1. Apple Announces the Departure of Two Top ExecutivesApple announced the departure of two top executives, amid recent high-profile exits from the tech giant. The two top executives that left Apple are Anna Matthiasson, Vice President of the Online Retail, and Mary Demby, Head of Information Systems. Anna Matthiasson is leaving her position, the report cited people with knowledge of the matter, and Mary Demby is retiring from the company after three decades...(Read More)2. Xerox Appoints John Bruno as President and Chief Operating OfficerXerox Holdings Corporation today announced the appointment of John Bruno as President and Chief Operating Officer. Bruno joins the team following Steven Bandrowczak's promotion to Chief Executive Officer earlier this year. In this role, John will partner closely with the CEO and leadership team to shape the company's global strategy and will be accountable for operating model advancements to improve company performance. He will also oversee global offerings, service delivery, marketing, manufacturing, supply chain, procurement, information technology, and Xerox's IT services business unit...(Read More)3. Jeff Ryan Joins McAfee as Senior Vice President and Chief People OfficerMcAfee Corp, a global leader in online protection, announced the appointment of Jeff Ryan as Senior Vice President and Chief People Officer, effective Nov. 28, 2022. Ryan will join the McAfee executive team reporting directly to Greg Johnson, President and Chief Executive Officer. Ryan joins McAfee to strengthen talent strategy and enhance employee engagement...(Read More)4. TikTok Names ByteDance CFO Shou Zi Chew as New CEOTikTok appointed Shou Zi Chew, a Singaporean national, as the new Chief Executive Officer of the hot video-sharing platform, the company said on Friday. Chew, based in Singapore, will retain close ties to TikTok's Chinese owner ByteDance where he will remain Chief Financial Officer. "We will continue building out our strong and deep management team as we set the stage for the next phase of TikTok's success," Chew said in a statement. TikTok's interim head Vanessa Pappas, who led the company on an interim basis after the abrupt departure of its CEO last year, Kevin Mayer formerly of Walt Disney, will be the new chief operating officer...(Read More)5. Moog Inc. Announces CEO TransitionMoog Inc. announced today that John Scannell, Chairman and Chief Executive Officer, has announced his intention to retire as CEO effective February 1, 2023. He will continue to serve on Moog’s Board of Directors as Non-Executive Chairman. Moog's Board of Directors has appointed Patrick J. Roche to succeed Mr. Scannell as Chief Executive Officer effective February 1, 2023...(Read More)6. Industry Veteran Rohan Houlden Appointed CEO of Gallium SemiconductorGallium Semiconductor, an innovative supplier of RF Gallium Nitride (GaN) semiconductor solutions, today announced the appointment of Rohan Houlden as Chief Executive Officer, effective immediately. As CEO, Mr. Houlden will focus on expanding Gallium Semi's product offering and driving its revenue growth. Mr. Houlden brings over 30 years of industry experience having served in leadership positions across various semiconductor companies, most recently as Chief Product Officer at Akoustis Technologies. During his tenure, he led product strategy and product development, and played a pivotal role in establishing Akoustis as a high volume supplier of RF BAW filters for WiFi Access Points, 5G infrastructure, 5G mobile, and other applications. Prior to Akoustis, Mr. Houlden served as General Manager of the Connectivity Business Unit at Qorvo, Inc...(Read More)7. Renesas Announces New Sales Organizational Structure and Executive Personnel Changes to Drive Next Phase of GrowthRenesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, today announced a new sales organizational structure and executive leadership team appointments to execute on its strategy and growth ambitions. The changes are designed to bolster Renesas' leadership in embedded semiconductor solutions and serve as a solid foundation for future growth. The new executive team roles are as follows: appointment of Chris Allexandre as Chief Sales & Marketing Officer (CSMO); and, appointment of Vivek Bhan as Co-General Manager of Automotive Solution Business Unit...(Read More)8. CIENCE Appoints Michael Gear as New CEO to Lead Next Phase of GrowthCIENCE announced today that Michael Gear has been appointed the new CEO of the company. An experienced business leader, Gear will assume CEO responsibilities effective immediately while August Keating becomes President and COO. The move marks an inflection point in CIENCE's growth as the company aggressively expands its unique software (CIENCE GO Platform) and services by offering the first-ever operating system as a service (OSaaS) delivery model combining technology, people, and methodologies that have been campaign battle-tested for five years...(Read More)9. Amperity Strengthens Leadership Team By Welcoming New Chief Marketing Officer and Chief People OfficerAmperity, the leading customer data platform (CDP) for enterprise consumer brands, today announced the hiring of Seema Kumar as chief people officer and Megan McDonagh as chief marketing officer. Together, the two bring extensive expertise within their respective industries to Amperity's growing leadership team. "The company is experiencing unprecedented growth, and we are thrilled to welcome both Seema and Megan to the team as we take Amperity and the customer data platform category to the next level," said Barry Padgett, CEO at Amperity. "Both have a successful track record for building and scaling organizations to support rapid growth, and equally important, they share in our mission to help people use data to serve the customer. I look forward to working with them as we elevate our brand awareness around the globe, and continue to demonstrate why Amperity is a great place to work." (Read More)10. Facebook Parent Meta Appoints Sandhya Devanathan As Vice President for India BusinessMeta (formerly Facebook) on Thursday announced the appointment of Sandhya Devanathan as the Vice President of Meta India, as several key executives leave the company in recent days. She will start her new role on January 1, 2023, and will report to Dan Neary, Vice President, Meta APAC. Devanathan will be a part of the APAC leadership team and will move back to India to lead the country's organization and strategy. "Sandhya has a proven track record of scaling businesses, building exceptional and inclusive teams, driving product innovation, and building strong partnerships. We are thrilled to have her lead Meta's continued growth in India," said Marne Levine, Chief Business Officer, Meta...(Read More)

As ESG strategy and the ESG function grows in importance, we take a deeper dive into the most interesting ESG senior moves this yearTALNT 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 some of the most interesting senior Environmental, Social, and Governance (ESG) appointments and moves across all major sectors since January 2022.High level global trends in ESG senior rolesimage.png 37.31 KBThe chart above shows what proportion of senior-level ESG roles in EMEA have been hired in each major sector. Here, we can see that Wealth & Asset Management is way ahead of the curve in EMEA, being responsible for hiring 56% of all senior ESG roles in the region, with Insurance coming second and Retail Banking third. In the Americas region we can see a similar dominance in the Wealth & Asset Management sector when it comes to ESG senior hires in the region. However, where Insurance and Retail Banking were the next most important in EMEA, in the Americas the picture is very different. In this region Energy & Natural Resources comes second, followed by Consulting, Consumer, and Real Assets in joint third.image.png 36.66 KBThe APAC region shows a slightly different pattern again, with Wealth & Asset Management once again hiring the most senior ESG roles. In this region Consumer Banking is a clear second place at 19% of all roles, followed by Consumer and Real Assets in joint third.image.png 17.22 KBThe global gender split for senior ESG appointments shows that this has become one of the functions where women actually dominate hiring, as is often the case with, for example, HR and Marketing. In this case, of the senior ESG appointments tracked in TALNT, 59% were women and 41% were men. Top 15 ESG appointments since January 2022With that context out of the way, let's take a look at the most interest appointments in ESG across sectors so far this year. Of the 151 senior ESG moves tracked in TALNT, those that received the most interest from our subscribers were:Leong Li Sun, who joined AIA Singapore as head of ESG in January. Leong's mandate is to embed the company's SG commitment within its operations across five strategic pillar: health and wellness, green operations, sustainable investment, people and culture, and effective governance. Prior to joining AIA, she was vice president and head of corporate sustainability at United Overseas Bank (UOB) and served as secretariat for the UOB Group's sustainability committee.Victoria Baxter, who joined recruitment consulting firm Korn Ferry in January as senior client partner, ESG and sustainability.She joined Korn Ferry from Weber Shandwick where she served as executive vice president and North American lead for the social impact practice. Prior to this, Baxter worked in public affairs including as deputy director, communication and public affairs in the United Nations Foundation.Sandra Carlisle, who was announced as Jupiter's head of sustainability in February, with responsibility for leading the asset manager's newly established corporate sustainability function. Carlisle joins Jupiter from HSBC Asset Management, where she was global ESG lead for the institutional business since 2017. She also chaired the HSBC Asset Management climate business council between 2018 and 2020. Prior to this, she was head of responsible investment at Newton Investment Management.Margaret Anadu, Goldman Sachs' youngest black female partner, who was set to be leaving the company according to an announcement in February.For the last year of her 18-plus years at the firm, Anadu was a partner and global head of sustainability and impact. Since July of this year, she has been senior partner at the Vistria Group, a private investment firm that includes social impact as part of its goal.Josiane Fanguinoveny, who joined UBS as executive director, ESG advisory in May. Fanguinoveny was one of a pair of hires at the bank dedicated to helping firms with their clean energy transition and to grow ESG-related transactions for the company. She joined the firm after spending several years at Sustainalytics, a Morningstar company that rates the sustainability of listed companies based on their environmental, social and corporate governance performance.Alice Sireyjol, who joined asset management firm Amundi in May as deputy head of ESG development. Sireyjol joins from EY where she spent over three years as a sustainability specialist advising companies in various sectors to decrease their environmental impact, rethink their supply chain and drive innovation. Prior to this, she spent six years at PwC in London, leading a sustainable development team overseeing natural capital impact projects.Rachael De Renzy Channer, who was appointed global head of sustainability at leadership advisory firm Egon Zehnder in July. Based in London, De Renzy Channer has led the global Sustainability Practice Group at Egon Zehnder for the past three years, helping organizations around the world develop their cultures, teams, and leaders to be forces for good.Priya Bellino, who joined Sumitomo Mitsui Banking Corporation in July as its new head of ESG in APAC. Bellino joined the Japanese banking giant from professional services firm EY, where she was Southeast Asia head of sustainable finance and ESG consulting. Before EY, Bellino worked for Goldman Sachs for a 17 years in London and Singapore, holding roles including head of Asia Pacific risk engineering. She previously ran her own sustainability consultancy, Aquabaleno, which offered training and capacity building for sustainable finance and sustainability reporting services.Donna Riley Bebb, who joined private equity manager Thoma Bravo to become its new director, head of ESG in July. Bebb joined from Google, where she had been head of global credit and ESG, overseeing $56 billion in corporate cash and designing "an investment-grade" ESG strategy. At Thoma Bravo, Bebb will work with investment teams to assess ESG-related opportunities and risk throughout the investment cycle, as well as serving as a strategic adviser to Thoma Bravo's portfolio companies on best-practice implementation.Elodie Broad, who left Deloitte in August to join Balderton Capital as the company's first ever head of impact and sustainable future goals. At Deloitte, Broad gained extensive experience working with large corporates on defining their sustainability approach to leverage their core business model.Kerry Constabile, a senior climate change specialist, who left Google in August to join Standard Chartered as the firm's managing director, net zero and sustainability strategy. Constabile has more than 20 years' experience driving decarbonisation and climate tech investments at global organisations, founding industry coalitions, and developing climate and ESG funds and policies. At Google, she led the company's sustainability strategy and company-wide climate plans including net zero, carbon market and removal strategies. At Standard Chartered, she will be responsible for managing key strategic sustainability initiatives, as well as overseeing net-zero target setting and delivery of the bank's commitments across scope 1, 2 and 3.Amani Boros, who joined State Street Corporation in Zurich in September as managing director, head of ESG. Boros will lead SSBI's sustainability and ESG efforts by developing and overseeing the ESG strategy and lead interactions with clients, regulators and stakeholders. She joined State Street from Thompson Reuters where she was most recently a director. Prior to that, she worked at Credit Suisse as head of risk and control for the sustainability, strategy and finance group.Justin Wu, who joined HSBC in September as its first co-head of climate change Asia Pacific to lead the development and implementation of the bank's sustainability strategy in the region. Wu moved to HSBC from Bloomberg New Energy Finance, where he was the Asia Pacific regional managing director working with governments, finance, energy and technology companies on their net-zero business strategies. Wu will be based in Tokyo until mid-2023, when he will relocate to Hong Kong. This appointment adds to HSBC's stated commitment to the climate transition and Wu will lead the bank's engagement with big companies, regulators and other stakeholders on the issue.Susannah Fitzherbert-Brockholes, who joined HSBC in London in October as director of sustainable finance. Fitzherbert-Brockholes joins from PwC where she spent nine years in its sustainability consulting practice. Previously, she was a senior consultant at WSP's sustainability business.Esther Tsang, who joined UBS's APAC sustainable finance office as ESG corporate strategy lead in January. Tsang joined UBS from Bloomberg Intelligence where she was an ESG analyst focused on the region's trends including market and regulations updates, climate change, carbon emissions and corporate governance and linking performance to financial value. Previously, she was also ESG consulting manager at Ernst & Young.

Which sectors are senior talent from wealth management and investment banking moving to?TALNT 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.Over the last few weeks, some TALNT clients have asked us to track where senior talent from the investment sector is moving to, so this inSights report reviews all the lateral senior moves from the wealth management and investment banking sector. Let’s first take a look at 2021 moves and compare those to 2022.  Consumer Banking and FinTech were the most popular sectors to move to in 2021image.png 25.17 KBAs the above chart shows, the Consumer Banking and FinTech sectors were by far the most popular sectors for senior banking talent leaving wealth management and investment banking. We can see this is true regardless of region, while the US clearly dominates in terms of the numbers of senior moves out of investment banking into other sectors. Infrastructure, Real Assets, Consulting, and Software were the next most popular destinations, followed after that by Tech Services and Insurance. It is perhaps a testament to the more dynamic and flexible nature of the US jobs market that they also have higher number of senior executives moving into Tech Services, Software, Real Assets, and Energy – sectors where there is very little hiring in EMEA or APAC, by comparison. Interestingly, Consulting was the only sector to see more lateral moves in EMEA than in the Americas.Consumer Banking and FinTech also dominate senior lateral moves this yearimage.png 25.84 KBThe pattern for lateral moves was almost identical this year when compared with 2021. Consumer Banking is by far the favoured destination for senior talent, followed by Fintech. This year, Insurance has proved a little more popular than in 2021, and it’s interesting to see a more even split between EMEA and Americans when it comes to FinTech moves. Insurance and Infrastructure have also seen more of balance between the American and EMEA markets when it comes to the numbers.Moves into Operations Consulting fell sharply year-on-year, though this was countered by a doubling of moves into Strategy Consulting and Risk Consulting over the same period. Moves into Digital Banking fell by almost 80% year-on-year, and there were also lower numbers of moves into Payments and Lending. These declines were counterbalanced by the more than 300 senior moves into Retail Banking, which dominates moves into the sector. Energy saw a 400% increase in senior moves from wealth management and investment banking year-on-year. FinTech moves also increased, apart from in the Banking Tech and Blockchain subsectors. Infrastructure moves from banking were down significantly on last year, while Insurance saw a significant increase in Life & Health and Nonlife, with only the Broking/Intermediary sub sector taking on fewer senior hires than last year.Gender diversity in lateral moves, 2022For the moves tracked in TALNT between wealth management and investment banking to these other sectors, we ran a quick analysis of the gender split. image.png 22.27 KBWhat we found was fairly expected, given that most sectors we analyse for gender diversity will tend to show between 22% and 28% of senior hires being women in most given periods under analysis. Wealth management and investment banking being a sector where roughly 25% of senior hires have been female since the beginning of 2022, with EMEA hiring the smallest proportion of women amongst the regions, it is not a surprise to see that proportion echoed here at 24.4% of lateral senior moves out of the sector. Top 12 senior lateral moves out of wealth management and investment banking, 2022Let’s take a deeper dive into the lateral moves that attracted the most interest from our subscribers on TALNT.Brian Jinks was appointed Vice President, Corporate Finance & Business Development, Americas, at Vecino Energy Partners. Brian joined Vecino from Moelis & Company, where he was a managing director specialising in advising companies in the energy infrastructure sector. Brian has 22+ years of investment banking experience and has advised on the origination and execution of a full spectrum of transactions in the energy infrastructure and energy transition sectors, including strategic advisory, M&A and capital raises. Clearly, this was a good example of an investment banker with specific Energy sector expertise, making Brian an excellent fit for moving directly into the sector. Heng Vuong was appointed Executive Vice President and Chief Financial Officer at iron ore mining and development company Tacora Resources. This is another example of an investment banker developing mining industry expertise prior to moving, since Heng had moved from Goldman Sachs, where he spent most of his 18-year career focused on the metals and mining sector – most recently as a managing director at the investment banking services division where he advised companies in the natural resources, industrial, technology, and real estate sectors. John C Griffith left his role as Managing Director in Bank of America Securities’ Mergers & Acquisitions group, to join American Water Works Company as Executive Vice President and Chief Financial Officer. John served as the lead investment banker on major US and international utility transactions while as Bank of America. Prior to that he was CEO of HighWave Energy, a startup renewable fuels company. Prior to that, he spent 14 years at Merrill Lynch & Co.Ken Chapman, who left Wells Fargo to join blockchain firm Anchorage as its Managing Director, Banking and Capital Markets. At Wells Fargo, Ken was Head of Capital Markets, Crypto, Digital Assets & Blockchain, making this yet another example of an investment banker building up expertise in a market niche before moving into that niche directly. Edward Liu left his role at Morgan Stanley after 20 years at the firm, to join blockchain firm Zocdoc as its CFO. Prior to his move, Edward had been Head of Americas Technology Banking.Marc Zenner, who joined non-banking tech company Persefoni as CFO after retiring from a 16-year career at JP Morgan and Citi. As global head of corporate finance advisory at JPM and financial strategy at Citi, Marc provided senior level corporate finance and strategic advice to major corporations. Marc advised boards and senior decision makers on spinoffs, dividends and buybacks, hedge fund activism, capital allocation, valuation, strategic decisions, capital structure, investor communications, risk management, and liquidity. Jason Chung, who left Nomura to join Riot Blockchain as Head of Corporate Development. Jason specialised in M&A at Nomura, and also spent eight years at Societe Generale SA.Pavel Fyodorov, who left Morgan Stanley to join Russia’s Tinkoff Bank as co-CEO. At Morgan Stanley, Pavel had been an investment banker and energy executive. Tinkoff specialises in consumer credit and is the world’s largest digital bank measured by number of customers. Riccardo Orcel, who left his role as Head of Global Banking at VTB Capital to join mining company Polymetal as Chair of the Board.Orcel joined VTB in 2011 having previously worked at Bank of America, rising to become deputy chief executive and head of global banking at VTB’s investment banking arm.David Sola, who left his role as MD, Global Investment Banking at independent investment bank Houlihan Lokey to join blockchain company GSR as COO, EMEA. David had spent 10 years at Houlihan Lokey, focusing on helping firms navigate the technological, financial and regulatory aspects of traditional and digital finance. GSR is keen to leverage his European banking network to help expand its business to traditional financial companies entering the digital asset marketplace. Nabeel Vilcassim, who has joined non-banking tech firm ComplyAdvantage as CFO.Prior to the move, Nabeel was MD & Head of EMEA Fintech Banking at Moelis & Company. He has more than 15 years of investment banking and corporate finance experience advising global financing services firms, FinTech and market infrastructure firms on M&A, financing, and strategic investment transactions. Hannes Wessels, who has joined cryptocurrency exchange Binance as Head of Country for South Africa. Hannes joins the company from his prior role at HSBC as Head of Global Banking, South Africa. 

Increased activity in the sector in the wake of global shortages and the war in Ukraine has resulted in a rise in senior appointments over the summerTALNT 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 energy sector globally and by region. Traditional energy firms lead the numbers of senior hires in 2022 image.png 63.4 KBAs the above chart shows, expansion in the energy sector this year has led to an increase in board rotations and new hires, with most of that activity being in North America. Traditional energy generation and distribution firms have had the most appointments in the market, followed by companies in the Mining sub-sector. Despite an explosion in the number of new energy firms globally over the last few years, the number of publicly announced senior hires has been relatively muted:  image.png 104.75 KBIndeed, we can explain these trends fairly simply. Most utilities have huge numbers of staff. Engie, for example, have over 150,000 employees globally and hundreds of internal applicants for all jobs posted. In other words, utilities and renewable companies already have staff and very little need to hire huge numbers to add value or run solar panels. New Energy firms, by contrast, are more reliant on tech and have lower staffing levels, and this is reflected in the trends we see above.The companies that have been hiring the most senior talent in the sector is fluid. As we can see from the charts below, the top 10 companies with the most senior hires this year is very different from the top 10 last year, with no obvious pattern:image.png 66.91 KB ESG and sustainabilityMost companies in the sector are genuinely committed to pursuing a net zero carbon agenda and more environmental sustsainability. However, this doesn’t necessarily translate to a huge number of hires in this field. Some hires are made internally while other times firms aren’t sure what they want and so put off making hiring decisions. Certainly when we look at the most popular senior roles hired for since January 2021, we can see that traditional roles dominate, including non-executive board appointments, CEO, and CFO: image.png 52.43 KBD&I and gender diversityAll firms recognise the importance of gender diversity, but the extent to which this is reflected in senior hires is an interesting question. image.png 56.56 KBOverall, as we can see from the chart above, roughly 24% of senior hires have been female since the beginning of 2021, with EMEA hiring the smallest proportion of women amongst the regions. Looking at gender diversity in the top 10 senior positions hired for in 2022, we can see that appointing women to the board is the favoured way for most firms to increase gender representation at the senior level – a strategy which is fairly common across most major sectors:image.png 47.89 KB It is also interesting to note that there are generally more women hired into CFO and Investor Relations positions that any other. It will be interesting to track this trend in the months ahead to see how this changes.If you would like to talk to Sheffield Haworth about your talent needs in the energy sector, please reach out to Damian Goodburn, Managing Director, Energy and Natural Resources Practice: goodburn@sheffieldhaworth.com 

Wealth management and fund management appointments peaked in June, while private equity moves remained robust and rose slightly since the beginning of the yearTALNT is Sheffield Haworth' 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 wealth and asset management sector globally and by region. Wealth management and fund management lead the numbers of senior hires in 2022image.png 61.73 KBAs the above chart shows, the sub sectors of Wealth Management and Fund Management have seen the highest numbers of senior appointments in 2022, with both peaking in June. Private equity has also seen steady growth since the beginning of the year. Note: in our data sets, we use Fund Management to mean broadly asset management - ie the management of investments - as opposed to Wealth Management, by which we mean consumer financial advice.The top senior-level roles being hired for have been as follows since the beginning of the year:image.png 56.42 KBThe companies that have been hiring the most senior talent in the sector were:image.png 59.01 KBLet's take a deeper dive into the sub-sectors to assess what's driving these trends:Wealth management strategic hires driven by US marketimage.png 32.74 KBLooking at the chart above, it’s clear that the US market is larger and more active than EMEA or AsiaPac. This data matches what Sheffield Haworth's experts are seeing in the market. The peak of early summer seems to reflect a plethora of senior hiring activity earlier in the year. The current tailwinds of Ukraine, high inflation, rising interest rates, and impending recession suggest that we may see a drop in the last few months of the year, so this is something we’ll be keeping an eye on. image.png 125.11 KBFund/asset management senior hires driven by Europe and UK activity; Asia remains muted due to slower emergence from Covidimage.png 37.71 KBThe above chart shows that, in contrast to the senior appointments in Wealth Management, in this case the EMEA region is taking the lead. According to Sheffield Haworth's market experts, asset managers in the UK and Europe have been upgrading and upskilling their client engagement teams. The US has been very active also, while AsiaPac has remained muted due to taking longer to emerge from the Covid pandemic.With activity around sales teams, we would expect to see some reflection in senior appointments:image.png 60.95 KBWhat we can see is a large bias towards CEO appointments, followed by CIOs, CFOs, chairpersons and COOs. US activity driving Private Equity appointmentsimage.png 29.03 KBThe chart above suggests that US private equity activity has dwarfed that in EMEA or AsiaPac. Given that fewer than 10 of the world’s top 25 PE funds are based outside the US, this makes sense. However, it is worth noting that in Europe many moves do not make it to press and therefore will not be picked up by TALNT. So EMEA activity is likely a lot higher than is shown in the chart above, though it is right to see the US as the dominant and trend-setting region in this sub-sector.Within Private Equity, sectors like healthcare and tech remain in vogue and there is continued hiring in those. Beyond that, we still see huge demand for capital raisers and there has been a big focus on the past 12-18 months in going after the wealth channel. image.png 85.71 KBCoverage of hedge fund moves favours the US market, thereby skewing global statistics on TALNTimage.png 26.75 KBThe chart above shows very low numbers of senior appointments, with no public information at all about moves in AsiaPac. As with private markets, there are more and larger players in the market in the US, and subsequently more activity. Smaller funds in Europe and Asia rarely receive much press and as such moves that are tracked will be skewed towards the larger, US players. Funds are starting to be a bit more proactive regarding hiring activity, but in the most part they avoid publicity. There will be a lot more dispersion in results this year which may result in more activity next year, but generally it's been a tricky market and firms have been taking a cautious approach. As with private markets, we've seen more 'bench filling' as opposed to marquee hirings, partly because of the cost involved.image.png 71.13 KBESG hires across the sectorOf the publicly-announced moves in 2022, 13 of those were for Heads of ESG and eight were for Heads of Sustainability. Five of the Heads of ESG were found in the Wealth Management sub-sector, while all eight Heads of Sustainability were hired within the Fund/Asset Management space. Asset managers are seen as very much having taken a leading role within the Financial Services industry when it comes to promoting ESG, both in terms of hiring and in terms of selecting investments through an ESG lens. Asset management clients expect the firms they use to reflect society at large so this is driving gender and ethnicity hiring. Wealth Management is generally seen as lagging Asset Management in terms of ESG hires. However, as one of our market experts explained, wealth managers generally invest through third party, asset manager funds, as opposed to directly investing in markets themselves. Therefore, it is first and foremost up to asset managers to decide to invest with ESG or sustainability credentials.  It is only once these ESG funds are proven or have a track record that wealth managers can reasonably start to prioritise their own focus on the inclusion of ESG or sustainable exposure in their client portfolios.Within Private Equity, diversity and ESG are being talked about but lag Asset Management in terms of notable hiring activity. This is partly because PE funds are typically much smaller businesses and so often heads of ESG will just be someone internally who is passionate about the space or wants the role, as opposed to companies making specific external hires.Gender diversity across the sectorAll firms recognise the importance of gender diversity, but the extent to which this is reflected in senior hires is an interesting question.image.png 61.25 KBOverall, as we can see from the chart above, roughly 25% of senior hires have been female since the beginning of 2022, with EMEA hiring the smallest proportion of women amongst the regions. Gender Diversity in Top 10 C-Suite & Head Positions of Senior Executive Movesimage.png 42.42 KBMonitoring diversity by individual role, we can see that there are many more women Chief Marketing Officers than men as a proportion of the whole, while CFO, Distribution, COO and Vice Chair appointments all manage 30% or higher. Within Wealth Management, women outnumber men in CFO appointments this year:Gender Diversity in C-Suite & Head Positions of Senior Executives in Wealth Management image.png 28.88 KBWithin Fund/Asset Management, the highest proportion of senior female appointments this year was in Sustainability:Gender Diversity in C-Suite & Head Positions of Senior Executives in Fund Managementimage.png 39.78 KBWithin the Private Equity space, women are fairly poorly represented when it comes to public appointments so far this year, though it's difficult to read too much into this since so many appointments were not publicised:Gender Diversity in C-Suite & Head Positions of Senior Executives in Private Equityimage.png 48.73 KBThe same is true of Hedge Fund appointments, where the publicly available data show no women hired into senior roles at all this year - again, this may not be entirely accurate:Gender Diversity in C-Suite & Head Positions of Senior Executives in Hedge Fundsimage.png 43.45 KB