New York / February 9, 2005 – Risk Talent Associates, a risk management executive search firm, today reported a significant increase in business activities for the year ending January 31, 2005. Risk Talent’s placements and corresponding revenues were up over 300 percent on a year over year basis. The firm also added competencies to its specialization in market, credit and operational risk to now include financial compliance and risk technology.
“We had a terrific year in 2004. Risk Talent posted new highs in placements closed and grew stronger as a business and as a brand,” said Michael Woodrow, President of Risk Talent Associates. “During the year, we grew our client base in financial services, including investment banks, commercial banks and traditional as well as alternative asset managers. This growth allowed us to triple our staff, expand with offices in New York and internationally in London, UK. We’ve also made significant investments to our in-house technology, allowing us to develop our proprietary database of risk managers to over 10,000.”
Woodrow went on to state, “We are particularly proud of our diversity record with our clients. Some of our largest clients have asked that we provide a range of women and minority candidates, and we have had several major successes in this area. Our proprietary database, and our knowledge of key people in risk, allowed us to facilitate these strategic matches in 2004.”
“As we move into 2005, our increased level of current assignments demonstrates that the Risk Talent brand is becoming more established, and that financial institutions continue to value experienced risk managers. Hedge funds are adding risk managers and making strategic upgrades to their risk management efforts. Investment banks are upgrading market and credit risk groups to stay in front of the significant risks in their trading operations and related businesses. Firms are recognizing that a specialist firm such as Risk Talent can add significant value to their organization when looking for top talent.”
Another major milestone achieved by Risk Talent was a compensation survey of risk professionals in the capital markets, released last month. The survey reported an average increase of 9 percent in total compensation for risk professionals over the past year. The firm plans a compensation survey of risk managers in the asset management segment in April 2005.
About Risk Talent Associates
Risk Talent Associates (risktalent.com) is the leading international executive search firm focused exclusively on positions in the fields of market, credit and operational risk, as well as financial compliance and risk technology. Risk Talent’s expertise, industry knowledge, proprietary network and dedicated focus shorten the recruiting process to deliver senior and mid-level risk managers in the capital markets, asset management, energy, consulting and software industries. Risk Talent has offices in New York, Chicago, London, and Hong Kong.
Risk Talent Associates