Special: Changes in the high-level professionals of the financial sector take off during the pandemic and require more from executives
The Broadcast article, "Special: Changes in the high-level professionals of the financial sector take off during the pandemic and require more from executives," quoted Russell Reynolds Associates Consultant Fernando Machado on leadership skills and competencies that are now in demand in the wake of the pandemic. A translated excerpt of the article is below.
In addition to the challenge of orchestrating an unknown team from a distance, executives who form the so-called C-level group, those at the top, started to be charged for characteristics that had been little valued in the corporate world until then. This list includes skills such as empathy, innovative profile - in practice and not just in theory - and increased attention to the ESG agenda, which stands for environmental, social and governance practices.
"Companies have been looking for a different profile. To start, the leader needs to have empathy. The pandemic created a challenge to leadership positions in almost its entirety," says partner and consultant at Russell Reynolds Associates, Fernando Machado.
The challenges posed by the pandemic have not stopped the "people M&A market" in the financial sector, says Russell Reynolds' partner, referring to the mergers and acquisitions sector. According to him, the segment has gained traction since June - which has been maintained. There is no official data on hiring in the country, but, according to Machado, the numbers in the consultancy are records and kept confidential.
To access the full article in its original Portuguese, click here.