Proof that even a downturn brings opportunities, global executive search firm DHR International has appointed May Tung as managing director of its financial services practice in Asia-Pacific. The hiring of Tung marks the Chicago-headquartered firm's first move into the financial services industry in this region - and it is clearly hoping to leverage the executive-level changes that have been taking place here.
Consider some of the more recent executive-level changes in the region: Robert Rankin recently left UBS, where he was head of investment banking for Asia-Pacific, for Deutsche Bank, while Matthew Ginsburg left his job as head of investment banking for Asia-Pacific at Morgan Stanley to join Barclays Capital. Some departures - for example Ajay Banga's exit from the role as Asia-Pacific CEO at Citi - have been filled by internal promotions, but there are clearly opportunities for executives in the region.
"We see our senior-level expansion into the financial services sector in Asia Pacific as timely," said DHR president Christine Greybe. "It underscores our practice strategy for this growing region, and May's admirable leadership qualities will translate into valuable support for our clients."
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