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International Search Update from Friisberg & Partners International

International Search Update from Friisberg & Partners International
The bi-annual partners conference of Friisberg & Partners International, one of Europes longest established executive search groups, took place last month in St Petersburg, Russia.
The groups coverage has extended yet further in the recent past and it has experienced substantial growth in international executive search assignments, by both value and volume. Revenue from Friisbergs cross-border executive searches for international corporate clients was up by over 200% on just six months ago, perhaps pointing towards a strengthening market in international recruitment.
Friisberg & Partners International has offices in 20 European countries, having now welcomed into the group, Zdes i Sejchas LLC of Minsk, the longest established executive recruitment firm in Belarus.
Belarus has seen a rising demand for search, as formerly state-owned businesses have undergone privatisation and now need commercially experienced executives to manage them. The country has also seen an influx of foreign capital, with cash-rich investors looking to identify growth opportunities.
Friisberg quickly expanded into the countries behind the former Iron Curtain and the successor states of the former Soviet Union, and this activity continues with its new office in Minsk. The Group was one of the first to offer high-level search and strategic human resource consultancy services in these emerging markets, such that it is now one of the strongest names in executive search in Central and Eastern Europe (CEE).
As expected, Friisbergs longer established offices in CEE were well placed for the recovery and Poland, Russia and the Baltic States have all reported upturns in income and new client instructions.  Friisberg in Russia is served particularly well, with representation in Moscow and now in St Petersburg too. The Austrian market remains buoyant as the Finance and Banking sectors continue to recruit, but it was Friisbergs Hungary office in Budapest that did best, reporting 2009-10 as one of the best trading years in its ten year history. Furthermore, Budapest has noted a marked improvement of in region searches for CEE based clients on top of regular West to East business.
Whilst Southern Europe still faces adverse economic conditions, Friisbergs consultants along the Mediterranean are starting to see early indications of improvement ahead. Friisbergs two offices in Italy showed the way with business 50% ahead of this time last year.
In the last six months Northern and Western European markets have stabilised and are now well into recovery, with Friisbergs Swedish offices faring best, particularly in the Industry and Construction sectors. France and the UK are seeing growth again in the Industrial and Finance markets and are feeling genuinely optimistic about 2011. German government policy of topping-up pay packets for workers laid off during the recession, which helped the German economy emerge from recession better than most, has however negatively impacted on the recruitment market there, including that for executives. Nevertheless Friisbergs offices in Germany expect to benefit substantially over the mid-long term and have over the last six months made notable inroads into the Renewable Energy sector.
As a group, the collective view of Friisberg & Partners International is that the critical period 2008-2009 appears to be over.
Nils Cavalli-Bjrkman, Chairman of Friisberg & Partners International commented:
This most successful partners conference in Russia has signposted our intent to be recognised amongst the elite names in executive search and as the group with a genuinely borderless approach to search for all its local and international clients.
Friisbergs UK Partner, Andrew Guy of PGC, added:
The St Petersburg conference was very encouraging.  Friisberg is enjoying a period of renewed growth and is increasingly optimistic about its prospects in the search markets it serves.


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