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Amrop Partnership

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Amrop Partnership
Founded1977
HeadquartersBrussels, Belgium
Key people
Annika Farin
ProductsExecutive search
Websitehttps://www.amrop.com/

Amrop Partnership is a Belgium-based global partnership of executive search firms.[1][2][3][4] The largest executive search firm in Europe and a top-3 globally[5] with 59 offices worldwide as of 2018, Amrop was founded in 1977.[6]

History

[edit]

Amrop was founded in 1977[7][8][9] as a network of four retained executive search firms in France, Italy, the UK, Australia[10] and the US. This network was called Amrop International.[11]

In Canada, Amrop is known as Massey Charbonneau Inc., and it is one of Canada's leading senior executive search firms.[12]

Mülder & Partner, the strongest partner of Amrop, was acquired in 1997 by the integrated firm Heidrick & Struggles and left the network. The American and Italian network members of Amrop, namely, Lamalie Amrop and TMC Amrop were taken over by TMP Associates and also left the network. Amrop International attempted to fill the gaps in the German market in 1999[13] by including Hofmann Herbold & Partner in its network. Shortly afterward, Korn Ferry bought the new German associate, Amrop Hofmann Herbold.[14][15][16]

In 1998, Amrop Hofmann Herbold & Partner Management-Beratung GmbH (German subsidiary of Amrop) reported revenue increase to 26.6 million DM which made the company among the top executive search firms in Germany.[17]

In June 2000, Amrop acquired Delta Management GmbH, a Düsseldorf-based firm and a founding partner of the Hever Group since 1986. This merger led to the creation of what was claimed to be the largest international organization of independent personnel consulting firms at the time. Operating as "The Hever Amrop Alliance," it spanned 52 countries with 81 offices and boasted a total fee revenue exceeding 220 million DM, ranking as the seventh-largest consulting organization globally.[18][19][20]

According to Frankfurter Allgemeine Zeitung, in 2002, Amrop, with over 80 locations worldwide, saw a 10% revenue drop in 2002 to $102 million. Delta Management Consultants GmbH, was its largest member at that time with six German offices, also faced a 16% revenue decrease to 14 million euros.[21]

In 2003, Delta Management achieved 12 million euro in sales in Germany, becoming the largest company within Amrop Hever group.[22]

In 2005, Delta Management Consulting, as a member of the Amrop network operating in Germany, got a 26 percent increase in fee sales, rising to €15.1 million. It was primarily due to the acquisition of five new partners. As of that year, the company maintained six offices throughout Germany and, in 2004-2005, expanded its reach by acquiring Battalia Winston International in the U.S., with the network's revenue in 2004 totaling approximately $150 million, as reported by Frankfurter Allgemeine Zeitung.[23]

In 2006, Arno Röss was appointed managing director of Amrop Hever Delta Management Consultants GmbH, Munich office. He was previously managing partner of Accentum Human Capital GmbH, Munich.[24]

In 2000, Amrop International merged with the Hever Group, creating the newly formed Amrop Hever Group.[25][26] In 2005, Amrop Hever had more offices worldwide than any other search firm.[27] In 2005, the firm had a €128 million in turnover.[28]

According to the 2005 the Economist special report Headhunters and How to Use Them, Amrop Hever, is a network of 59 independent search firms, operating internationally through a semi-integrated network guided by French law following a dual-branding approach with firms like Rossignol Todd & Associates in France, Saxton Bampfy in the UK, Seeliger y Conde in Spain and Dr Besmer Consulting in Switzerland. Those firms are more famous in local markets then Amrop brand, that help in enhancing local recognition.[29]

In 2008, NewsWeek included four Amrop's executives in the list the Most Influential Headhunters.[30][31]

In 2009, the name was changed to Amrop.[26]

In 2011, Amrop forged a partnership with the Swiss business school International Institute for Management Development (IMD) and launched its Trusted Advisor Program under the umbrella of Amrop University.[32]

In 2014, Amrop and the International Institute for Management Development (IMD) published a global C-suite study: 'Welcome to the Flight Deck' — exploring the human dimension of globalizing mid-caps.[33] In the same year, Amrop was named among the 20 leading global executive search firms.[34]

Since 2015, Amrop has increased its presence in EMEA and relaunched its global Leadership Advisory and Board Services practices.[35]

In 2016, Russell Reynolds Associates completed the acquisition of the Norway-based Amrop AS. Following the acquisition, Amrop AS will operate under the Russell Reynolds Associates brand. [36]

In 2017, Amrop strengthened its global footprint across EMEA and Asia Pacific.[37][38]

Amrop also released a report titled 'Wise Decision-Making: Stepping Up to Sustainable Performance'.[39]

In 2021, Amrop Partnership and JM Search (an independent retained search and leadership advisory firm) announced a strategic alliance to expand global client reach.[40][41] In the same year, Seeliger y Conde (SyC) which had been for 25 years the partner of Amrop left the group.[42] While in Peru, the local firm consolidated the market share to 40% according to the analysis of El Comercio.[43]

As Diario Financiero reported, in 2022 the Chilean Pension Fund (AFP) selected Max Vicuña's Amrop headhunting firm to oversee the election of company directors, entrusting Amrop with the task of identifying candidates to represent administrators on the boards of companies in which AFP invests.[44]

References

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  1. ^ Zupsansky, Dale (2021-01-08). "Amrop Opens New Office in Luxembourg". Hunt Scanlon Media. Retrieved 2023-08-16.
  2. ^ "Amrop | Company Overview & News". Forbes. Retrieved 2023-08-16.
  3. ^ "Global hunt for talent: Amrop sets up worldwide team of headhunters". TradeWinds | Latest shipping and maritime news. 2021-03-04. Retrieved 2023-08-16.
  4. ^ "Executive search company Amrop reopens in Ireland". The Irish Times. Retrieved 2023-08-16.
  5. ^ Cook, Gary; Johns, Jennifer; McDonald, Frank; Beaverstock, Jonathan; Pandit, Naresh (2018-05-08). The Routledge Companion to the Geography of International Business. Routledge. ISBN 978-1-317-35792-6.
  6. ^ Daniels, Peter (2017-05-15). Knowledge-Based Services, Internationalization and Regional Development. Routledge. ISBN 978-1-351-92390-3.
  7. ^ "Amrop | Company Overview & News". Forbes. Retrieved 2023-08-16.
  8. ^ "Amrop opens new Luxembourg office". delano.lu. Retrieved 2023-08-16.
  9. ^ Belmore, Ryan (2018-12-21). "New Board Chairman, 11 New Governors elected to International Tennis Hall Of Fame Board of Governors". What's Up Newp. Retrieved 2023-12-13.
  10. ^ Cook, Gary; Johns, Jennifer; McDonald, Frank; Beaverstock, Jonathan; Pandit, Naresh (2018-05-08). The Routledge Companion to the Geography of International Business. Routledge. ISBN 978-1-317-35792-6.
  11. ^ "New partners strengthen Amrop International executive search services in Europe". PressReleaseFinder. Retrieved 2023-08-16.
  12. ^ "BAnQ numérique". numerique.banq.qc.ca (in French). Retrieved 2023-12-13.
  13. ^ Schwarzer, Ursula (2006-02-08). "Personalberater: Jäger in fremden Revieren". www.manager-magazin.de (in German). Retrieved 2023-12-13.
  14. ^ "Korn Ferry versucht den Neuanfang". Frankfurter Allgemeine Zeitung (168 ed.). 12 July 2006. p. 18.
  15. ^ Hofmann, Dieter; Bergert, Gabriele (2013-12-09). Headhunter: Blick hinter die Kulissen einer verschwiegenen Branche (in German). Springer-Verlag. ISBN 978-3-658-02456-7.
  16. ^ "In die Personalberaterbranche kommt Bewegung". Frankfurter Allgemeine Zeitung (25 ed.). 31 January 2000. p. 30.
  17. ^ "Personalsuche verstärkt international". Frankfurter Allgemeine Zeitung (62 ed.). 15 March 1999. p. 25.
  18. ^ "Delta vergrößert internationale Präsenz". Frankfurter Allgemeine Zeitung (173 ed.). 28 July 2000. p. 23.
  19. ^ "Schwieriger Markt für Führungskräfte". Frankfurter Allgemeine Zeitung (167 ed.). 21 June 2001. p. 21.
  20. ^ "Personalberater: Die Top Ten der Headhunter in Deutschland". Der Spiegel (in German). 2015-06-19. ISSN 2195-1349. Retrieved 2023-12-13.
  21. ^ "Führungskräfte derzeit wenig gefragt". Frankfurter Allgemeine Zeitung (148 ed.). 30 July 2003. p. 17.
  22. ^ "Nachrichten in Kürze". Frankfurter Allgemeine Zeitung (165 ed.). 19 July 2004. p. 16.
  23. ^ "Delta Management steigert den Umsatz". No. 84. Frankfurter Allgemeine Zeitung. 12 April 2005. p. 21.
  24. ^ "Menschen und Wirtschaft". Frankfurter Allgemeine Zeitung (18 ed.). 2 February 2006. p. 18.
  25. ^ group, The SPINE market (2016-02-28). "Amrop Hever Group". SPINEMarketGroup. Retrieved 2023-08-16. {{cite news}}: |last= has generic name (help)
  26. ^ a b Beaverstock, Jonathan V.; Faulconbridge, James R.; Hall, Sarah J. E. (2014-09-19). The Globalization of Executive Search: Professional Services Strategy and Dynamics in the Contemporary World. Routledge. ISBN 978-1-317-67534-1.
  27. ^ Jenn, Nancy Garrison (2005-04-01). Headhunters and How to Use Them: A Guide for Organisations and Individuals. John Wiley & Sons. ISBN 978-1-86197-734-2.
  28. ^ Jenn, Nancy Garrison (2005-04-01). Headhunters and How to Use Them: A Guide for Organisations and Individuals. John Wiley & Sons. ISBN 978-1-86197-734-2.
  29. ^ Jenn, Nancy Garrison (2005-04-01). Headhunters and How to Use Them: A Guide for Organisations and Individuals. John Wiley & Sons. ISBN 978-1-86197-734-2.
  30. ^ "List: Most Influential Headhunters, Part One". Bloomberg.com. Retrieved 2023-12-13.
  31. ^ "List: Most Influential Headhunters, Part Two". Bloomberg.com. Retrieved 2023-12-13.
  32. ^ "IMD" (PDF). Retrieved 2023-08-16.
  33. ^ "Amrop Releases Global Case Study". AESC. Retrieved 2023-08-16.
  34. ^ "20 Global Leading Executive Search Firms 2014". Retrieved 2023-08-16.
  35. ^ "Importance of CEO succession planning". Bizcommunity. Retrieved 2023-08-16.
  36. ^ Scanlon, Hunt (2016-08-17). "Heidrick & Struggles Acquires Philosophy IB". Hunt Scanlon Media. Retrieved 2023-12-13.
  37. ^ Scanlon, Hunt (2018-02-12). "Amrop Strengthens Footprint in Australia". Hunt Scanlon Media. Retrieved 2023-08-16.
  38. ^ "Insights and Thought Leadership Articles for Executive Search". Ikiru People. 2022-09-27. Retrieved 2023-08-16.
  39. ^ Trapp, Roger. "Leaders Seeking Wisdom Need An Ethical Dimension". Forbes. Retrieved 2023-08-16.
  40. ^ Desk, HRTech News (2021-02-15). "JM Search and The Amrop Partnership Announce Strategic Alliance". TecHR. Retrieved 2023-08-16. {{cite web}}: |last= has generic name (help)
  41. ^ Reilly, Jessica (2021-02-15). "JM Search and The Amrop Partnership Announce Strategic Alliance to Expand Global Reach for Clients". JM Search. Retrieved 2023-08-16.
  42. ^ "Seeliger y Conde entra en AltoPartners tras salir de Amrop". EXPANSION (in Spanish). 2021-04-25. Retrieved 2023-12-13.
  43. ^ Cosmópolis, Melissa (2021-12-12). "Amrop sigue reclutando talentos, se recupera y proyecta dos dígitos para el 2022". El Comercio (in Spanish). ISSN 1605-3052. Retrieved 2023-12-13.
  44. ^ Financiero, Diario. "AFP eligen a headhunter Amrop de Max Vicuña para la elección de directores de empresas en 2022 | Diario Financiero". www.df.cl (in Spanish). Retrieved 2023-12-13.
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