Russell Reynolds Associates Announces Landmark Acquisition in Norway
Strategic takeover of established Oslo executive search firm, Amrop AS, will strengthen Russell Reynolds’ Nordics operation
Oslo/London/Munich, June 17, 2016 – Russell Reynolds Associates announces today its acquisition of Amrop AS – one of Norway’s leading leadership consulting and executive search firms. The transaction is currently being completed. This is a key move in Russell Reynolds’ 46-year history and will take the firm to 50+ professionals in the Nordic region. This transaction will also be a first among the top three search firms in Norway – reinforcing Russell Reynolds’ dominant market position.
Client demand for an expanded Nordic hub has grown, as Scandinavian markets have taken leading positions in global industries, including energy, aquaculture and shipping. Norwegian funds in the region have also become increasingly significant investors and have pioneered good boardroom governance and diversity – setting the benchmark for companies worldwide. In response to client needs, Amrop’s connected consultants, who have expert local knowledge, will join Russell Reynolds’ existing operation.
The newly integrated team will ensure Russell Reynolds is best placed to tap into the executive and non-executive talent pool in Norway, working effectively across borders to provide clients with a broad and diverse set of elite candidates. The move will open up new opportunities for Norwegian executives abroad and also increase the pool of international talent for top management and board positions in Norway.
"Our firm is committed to helping clients find exceptional people who can lead their company to global success. Our expanded Oslo office will be another important step in our growth strategy, and our ability to serve clients in a global market," says Clarke Murphy, CEO of Russell Reynolds Associates.
While the firm has historically grown organically, this takeover is a true meeting of minds. “The Norwegian team is the perfect fit for our brand and our culture. We have followed them closely over the last three years and have been impressed by their continuous growth and outstanding reputation. Together we can serve all our clients’ needs across the Nordics,” explains Jim Hinds, Managing Director for Europe at Russell Reynolds Associates. “Clients want us to bring global solutions to their current and future business needs. We help them see around corners so that they are prepared for what is next. We are thrilled to have such a great team in Oslo to enhance this capability in the Nordic region and contribute to our ongoing success.”
Amrop AS will adopt the Russell Reynolds Associates name. The Oslo office will be led by former Amrop Managing Partner, Harald Kringlebotn. Kringlebotn comments, "We are very proud to become part of Russell Reynolds Associates’ outstanding team, which we have admired over the years. We share their ambition to act as next generation leadership advisors to our clients – ensuring excellent leadership, diversity and governance by challenging the closed circles that have dominated executive and non-executive positions in the past.”
About Russell Reynolds Associates
Russell Reynolds Associates is a global leader in assessment, recruitment and succession planning for boards of directors, chief executive officers and key roles within the C-suite. With more than 370 consultants in 46 offices around the world, we work closely with public, private and nonprofit organizations across all industries and regions. We help our clients build teams of transformational leaders who can meet today’s challenges and anticipate the digital, economic, environmental and political trends that are reshaping the global business environment.
Find out more at www.russellreynolds.com and follow us on Twitter: @RRAonLeadership
For further information
Susanne J. Mathony
Director Marketing & Public Relations EMEA
Russell Reynolds Associates
Tel.: +49 89 24 89 81 33 – Handy: +49 174 25 82 711