We are experiencing one of the strongest quarters in our firm’s decade long history in c-suite recruiting in the asset and wealth management business. Executive demand is starting to outstrip supply for a number of leadership skills. We agree with Neil Irwin’s observations that the effects of this skills and demand imbalance is showing up not in compensation, but in other non-compensation ways. The primary field of competition involves the multiple choices for career opportunities that executives with skills that are in demand are offered, and their selection of firms with more flexible hybrid work policies, and the willingness and interest to invest in the training, technology, real estate and process design efforts necessary to make these programs successful over the long term.
