Demand for interim managers is rising, according to a new survey from interim management solutions provider Interim Partners.

The research shows that the number of new assignments for interim managers rose by 24% in Q1 on Q4 2009, with the number of banking assignments rising by 44% over the last quarter.
 
Doug Baird, managing director of Interim Partners, says: “The banking crisis led to a huge wave of takeovers and mergers presenting interims with an unprecedented workload. To get two financial institutions properly integrated can take years.
 
“The difference between a well executed and a poorly executed merger of a bank would easily be in the hundreds of millions of pounds in cost savings or increased revenues. Set against that, the cost of hiring teams of interim managers to help get that job done properly is excellent value for money.”