4 Finance Executive Search trends for 2018
In this article we look into some of the trends in fintech and finance executive search in 2018.
It’s going to be all about Digital transformation. Digital innovation in finance driven by FinTech, Startup and technological innovation shows no sign of stopping and, if anything is getting faster. As a result many financial organisations are looking over the rubicon in terms of their investment in major digital transformation programmes as the argument to embrace disruptive technology like Artificial Intelligence (AI), the Internet of Things (IoT), the Cloud, blockchains becomes louder and louder.
Fintech aka the beast from the east (end). Well, Shoreditch, really. Major financial organisations have both a blessing and a curse that London has become a world leader in Fintech innovation. The question is as a Finance Executive how do you embrace it and is it even embraceable for your organisation. That’s why this is such an important Fintech Executive Search as it’s going to be all about bringing in the right talent. And that talent will be much more technological literate and technically skilled than ever before.
If you look into the detail and history it’s not about digital transformation in finance. It’s about business agility. Finance Executive Search firms are increasingly seeking out real “Change Managers” i.e. candidates who are adaptable and can work across technology and cultural change as well as managing regulatory change to create value through digital transformation. And the end result organisational result is a return of agility.
4. Shortage of cultural skills
It’s quite common to hear companies complain about not being able to get the quality staff but in a high based category and world class cultural zone that is Finance Executive Search London style, this is not really a problem as well class finance executives are well versed in being approached to relocate to London. What is the problem is slightly further down the organisation and that is the culture of change and the ability for multi-faceted talent to be developed into leadership positions that require a combination of high technical, industry and managerial skills. This is the true challenge because that’s what the fintech startups have in spades.
So that’s our summary of some of the trends for 2018 heavily influenced by Fintech. If you need a finance executive search service targetting the fintech london talent pool, please get in touch