Overview
The beginning of 2024 has seen significant shifts in senior-level moves across various industries. The changes reflect broader economic, technological, and strategic dynamics, shaping the leadership landscape. This report explores the trends, with a focus on the top industries experiencing the most activity.
Surge in Senior-Level Moves: Comparing 2023 and 2024
 

The Software industry saw a substantial increase in senior-level moves from January to April 2024. This surge is likely driven by the ongoing demand for tech talent and the rapid pace of digital transformation initiatives. In contrast, the Consumer sector experienced a decline in senior-level moves, possibly indicating market adjustments or consolidation. Wealth & Asset Management consistently led in senior moves,

<div><strong>Overview</strong></div>
<div>The beginning of 2024 has seen significant shifts in senior-level moves across various industries. The changes reflect broader economic, technological, and strategic dynamics, shaping the leadership landscape. This report explores the trends, with a focus on the top industries experiencing the most activity.<br><br></div>
<div><strong>Surge in Senior-Level Moves: Comparing 2023 and 2024</strong></div>
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<div>The Software industry saw a substantial increase in senior-level moves from January to April 2024. This surge is likely driven by the ongoing demand for tech talent and the rapid pace of digital transformation initiatives. In contrast, the Consumer sector experienced a decline in senior-level moves, possibly indicating market adjustments or consolidation. Wealth & Asset Management consistently led in senior moves, reflecting continuous restructuring and growth initiatives.</div>
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<div><strong>Regional Trends in Senior Moves: North America, EMEA, Asia Pacific</strong></div>
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<div><strong>September 2023 - December 2023</strong></div>
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<div>From September-December 2023 to January-April 2024, North America saw increased senior moves in Wealth & Asset Management and Software. This growth highlights the regions proactive approach to securing top talent to navigate complex market dynamics and drive innovation.</div>
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<div><strong>January 2024 - April 2024</strong></div>
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<div>EMEA experienced a decline in senior moves in Wealth & Asset Management and Software, likely due to economic uncertainties and strategic realignments. However, increased activity in the Insurance sector indicates a regional shift towards stability and risk management. Asia Pacific remained stable with minor fluctuations, reflecting ongoing efforts to attract and retain talent as economies in the region continue to expand.</div>
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<div><strong>Senior-Level Transitions: Hires, Promotions, Departures, Retirements</strong></div>
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<div><strong>January 2024 - April 2023</strong></div>
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<div><strong>September 2023 - December 2023</strong></div>
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<div>Comparing January-April 2024 to September-December 2023:</div>
<ul>
<li><strong>Wealth & Asset Management</strong>: 
<ul>
<li>Departures increased significantly from 18% to 46%, suggesting potential instability or market challenges.</li>
<li>Hires decreased from 47% to 43%, indicating a slowdown in expansion.</li>
<li>The most moves were in wealth management, investment management, and private equity, driven by market volatility and strategic adjustments.</li>
</ul>
</li>
<li><strong>Software</strong>:   
<ul>
<li>Hires decreased from 72% to 60%, reflecting possible recruitment pauses.</li>
<li>Departures increased from 22% to 32%, suggesting heightened competition for talent and higher turnover rates.</li>
<li>Significant moves occurred in software and IT services, as well as health-tech, driven by the demand for digital transformation leaders.</li>
</ul>
</li>
<li><strong>Energy & Natural Resources</strong>: 
<ul>
<li>Promotions increased from 20% to 37%, showing a focus on internal career advancements.</li>
<li>Departures increased from 34% to 36%, suggesting higher turnover and potential industry instability.</li>
<li>The most moves occurred under mineral resources, reflecting the sectors transition to sustainable energy practices.</li>
</ul>
</li>
<li><strong>Insurance</strong>:   
<ul>
<li>Hires decreased from 54% to 42%, indicating a slowdown in recruitment.</li>
<li>Promotions remained steady at around 30%, suggesting consistent internal growth.</li>
<li>Departures increased slightly from 13% to 15%, indicating some turnover but overall stability.</li>
<li>Key areas with high senior moves included insurance brokers, property and casualty, and reinsurance, driven by market conditions and regulatory changes.</li>
</ul>
</li>
<li><strong>Consumer</strong>:   
<ul>
<li>Hires decreased from 45% to 37%, reflecting a possible slowdown in sector growth.</li>
<li>Promotions and departures remained stable at around 25%, suggesting effective retention strategies.</li>
<li>The most moves were in retail and mortgage banks, likely due to market adjustments and strategic realignments to address changing consumer demands.</li>
</ul>
</li>
</ul>
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<div><strong>Conclusion</strong></div>
<div>The senior-level movement trends reflect broader economic, technological, and strategic shifts. Wealth & Asset Management and Software sectors are particularly dynamic, driven by digital transformation and market demands. Energy & Natural Resources, Insurance, and Consumer sectors show varying levels of stability and strategic adjustments. Understanding these patterns helps organisations anticipate and respond to leadership needs, ensuring competitiveness in a rapidly changing global landscape.</div>

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Revolutionise Your Hiring Strategy: Key Trends in Senior Leadership Moves for 2024

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