New practice leader takes role as financial services demand develops.

Kennedy appoints.

Kennedy Executive Search, the global network of privately owned executive search boutiques, have appointed Markus Unterberger as practice leader financial services. In this role, Markus will structure and guide Kennedy‘s services in recruitment for leadership roles the Financial Services industry across North- and South America and Europe.

Like most, if not all industries, the financial services industry faces enormous challenges. Digitisation, cybercrime, regulatory compliance and the boom of Fintech are but a few. Add to that the shift to a more customer-focused way of working and it’s clear that the industry needs to redefine the way it recruits. Historically however, the industry is one that tends to stick to ingrained methods and mindsets. This in turn gives the industry an old-fashioned, inert and dormant image, making it harder to attract young talent. Unjust, as the industry offers an abundance of promising career opportunities. 

“Classic skill-sets required for the financial services industry are not enough anymore,” comments Unterberger. “The new generation of talent also needs competences like sensibility, customer centricity, team management and practical knowledge of tech, digitisation and working in an agile environment. We often meet candidates who have all requirements needed, but who are reluctant to consider a career in the industry. Its unjust reputation does not appeal to them. On the other hand, companies in financial services looking for new talent are hesitant to hire people from outside of the industry, or who don’t fit the exemplary but outdated image they so adamantly hold on to.

“It’s a bit of a catch 22 really,” adds Unterberger. “As a network of Executive Search professionals, we feel it is our job to educate both. Clients need to think and look outside of the box and candidates need to be made aware of the endless and exciting opportunities the industry has to offer.”

Markus is a veteran in the financial services industry and founded Unterberger & Partner in 2007. The firm places executives and leadership positions for a variety of international clients, specifically German speaking markets as well as Central and Eastern Europe. 

“It will be Markus’ job to structure Kennedy’s collective experience and knowledge of Financial Services and, combined with the experience of innovations in other industries present in the network, bring it to the next level,” said Jorg Stegemann, chairman of Kennedy Executive Search. “His specific know-how of, and extensive experience in the industry, it’s culture and it’s challenges will benefit us, our clients and candidates, existing and potential, looking to recruit or work in this challenging industry. Together we are stronger. We are thrilled he agreed to take on this role.’

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