Hanover Search Group goes through change of ownership
2 May 2014
The Hanover Search Group, the executive search brands within the financial services sector, has had a change of ownership by way of a management buy-out.
Fri, 2 May 2014The Hanover Search Group, the executive search brands within the financial services sector, has had a change of ownership by way of a management buy-out.
After 18 years together Patrick Field has sold his majority stake in the business to James Emmett for an undisclosed sum.
Emmett will assume the duties of group CEO and has invited Paul Groarke and Stephen Phipps to join the new board. Both Groarke and Phipps were previously managing directors of the asset management & financial services business respectively. Mem Kortach also joins the new board as finance director.
Field will operate within the private banking sector in an advisory role for the foreseeable future, while Emmett will continue to spearhead the plans to expand the business globally.
After 18 years together Patrick Field has sold his majority stake in the business to James Emmett for an undisclosed sum.
Emmett will assume the duties of group CEO and has invited Paul Groarke and Stephen Phipps to join the new board. Both Groarke and Phipps were previously managing directors of the asset management & financial services business respectively. Mem Kortach also joins the new board as finance director.
Field will operate within the private banking sector in an advisory role for the foreseeable future, while Emmett will continue to spearhead the plans to expand the business globally.
