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The number of new executive searches around the globe started rose 2.5 percent in the first quarter of 2012 compared to the fourth quarter of 2011, according to data from the Association of Executive Search Consultants. Compared to the first quarter of last year, revenue was down 6.3 percent.
“The first quarter results for our industry are disappointing but were presaged by our outlook survey conducted just before the start of the New Year,” said AESC President Peter Felix. “Many search consultants have felt continuing uncertainty in demand from their clients as economic turbulence persists in various parts of the world. Certain sectors such as financial have suffered considerably given that the outlook for banks and financial institutions still remains so unclear.”
Data for the report is collected from a consistent sample of AESC member search firms representing the activity of 1,430 executive search consultants in 46 countries.