ROMA Hired

Executive Search Insights from ROMA Hired: Surge in Leadership Demand: Privately held companies' leadership demand is nearly double the 2021 peak due to a 25% drop in PE involvement in M&A over the last three quarters. Rebounding Lower-Level Searches: C-level searches account for 48% of openings, but Director & Below roles have increased by 15% QoQ—potential early market opening indicator. Significant Compensation Increase: Public company OTE for new executives is up 22% YoY, marking the highest compensation change among all asset classes. Market Trends: Leadership Hiring: Stabilizing with a 3% QoQ decline in executive search volume, indicating a trend toward sustained growth. AI Sector Surge: 27% YoY increase in AI-focused search volumes, while other tech sectors saw a 10% YoY decline. S&P 500 Performance: 4.3% growth in Q2, driven by a 14.7% increase in the tech sector market value. Venture Capital & Private Equity: VC funding up 47% QoQ, and PE deal values up 12% YoY, boosting leadership hiring trends. #ExecutiveSearch #LeadershipHiring #MarketTrends #AI #PrivateEquity #VentureCapital

I am thrilled to see my friend, mentor, and University of Chicago professor, Clayton Harris III embark on a new journey, launching his consulting firm. After receiving incredible support during and after the election, he is poised to offer consulting, legal, and lobbying services to firms, businesses, and individuals. His expertise will be invaluable, as he will focus on opportunities in Chicago, Cook County, Illinois, and with the General Assembly. On behalf of ROMA Hired, congratulations! We are looking forward to seeing the impact he will make in this new chapter. #Consulting #NewBeginnings #Entrepenuer #ROMAHired

We are thrilled to recognize and celebrate Patrick Gillies for his remarkable contributions over the past two years at ROMA Hired. Patrick’s acumen, expertise, and unwavering commitment has been instrumental in driving our success to date. His ability to consistently deliver results, collaborate with the team, and navigate complex searches with a positive attitude is truly inspiring for us all. Thank you for your leadership, dedication, and the immeasurable impact you bring to the team every day. We are excited to see what the future brings as we continue to move forward together.

At ROMA Hired, we frequently engage with executives globally, across multiple sectors, industries, and functions. A recurring trend I've observed is the undervaluation of their fair market value compensation-wise. According to a study conducted by McKinsey & Company, companies are willing to pay a premium of up to 20% above their internal salary bands for high-impact leaders, yet many executives settle for less. It's essential to recognize your value in today’s competitive market. Executives, know your worth and leverage it accordingly. #MarketIntel #ExecutiveSearch #CompensationTrends #KnowYourWorth #Leadership #ROMAHired #CareerGrowth #ExecutiveCompensation #tadah

Wow, what a way to close out the Cannes Lions International Festival of Creativity at the Forbes World’s Most Influential CMO luncheon! It was an absolute honor to find out I’m on this year’s list once again, but an even bigger moment of pride to find out Tariq H. came in at #2 on the list! Huge congratulations to him and his amazing team at McDonald's who have had an incredible year! I always say that marketing is not a popularity contest, it exists to drive business growth. Full stop. What I love about what Seth Matlins and the Forbes team do with this award is really focus on leaders that are driving the business forward. I couldn’t be more proud of the incredible team at JPMorganChase, on whose behalf I accept this honor, that leads with heart and science to bring real value and growth to our firm. I’m so grateful to them and humbled by the recognition! Congratulations to all the other marketers on the list. It’s an honor to be in this industry with all of you. https://lnkd.in/gcD6nSAN #CannesLions #Forbes #MostInfluentialCMO #Leadership #HearthANDScience

The shift in companies' usage of boutique search firms like ROMA Hired over traditional household names in executive search highlights an increased demand for transparency, agility, and urgency. This trend mirrors how businesses seek tailored expertise for leadership roles as Robert Half exits the S&P 500 while the likes of KKR, CrowdStrike, and GoDaddy join the S&P 500. #SP500 #ExecutiveSearch #Recruitment #KKR #CrowdStrike #GoDaddy #Finance #ROMAHired #BusinessTrends #GoBoutique

Bobby Jain's new hedge fund, Jain Global LLC, is making a significant move into commodities by bringing in top talent from commodity trading firms. Set to launch in July, the fund aims to raise about $5 billion, with 15%-20% dedicated to commodities. Initially, it will trade derivatives before moving into physical transactions. This strategic push into energy and metals reflects a broader trend of investors returning to raw materials, driven by supply disruptions, geopolitical tensions, and inflation concerns. The initiative is led by David Hochberg, a former Macquarie Group senior executive. Jain Global plans to start with gas and power markets in North America and Europe, with further expansion planned. Key hires include Paul Smith and Christian Allen from Hartree Partners for North American gas, Herb Petry from Pacific Summit Energy LLC, Dominic Magnabosco from Citi for North American power, Jason Greenberg from BlueCrest Capital Management for European gas, Anurag Nema from BNP Paribas for metals in Asia, and Amir Ravan, a former senior trader in precious metals at BlueCrest Capital Management. The fund aims to seize opportunities in storage and physical arbitrage in gas and power markets, reflecting increased volatility from renewable energy growth, climate change, and Europe's shift to imported liquefied natural gas. Additionally, Sopong Kim, former head of risk management at Hartree Partners, joins the team to handle the complexities of physical trading.

ROMA Hired Industry Insights: Research from the Audit Reform Lab at The University of Sheffield reveals that auditors failed to flag potential bankruptcies in three-quarters of major UK corporate collapses since 2010. The study found that the Big Four auditors— EY, PwC, Deloitte, and KPMG UK—issued "going-concern" warnings for only a fraction of the 250 largest publicly listed companies that failed between 2010 and 2022. Specifically, EY flagged just 20% of companies, PwC 23%, Deloitte 36%, and KPMG 38%. Non-Big Four auditors performed even worse, with warnings for only 17% of cases. Despite these failures, the average partner pay at the Big Four rose by nearly a third to £872,500 between 2020 and 2022. The report highlights a systemic issue, noting that 38 of the collapsed companies declared dividends in their final accounts, with some doing so despite losses and negative net asset balances, indicative of insolvency risk. Recent multimillion-pound fines imposed on PwC and EY by the UK accounting watchdog for audit failures have underscored these concerns. Ongoing high-profile corporate failures have prompted calls for tougher audit sector regulations, including the establishment of the Audit, Reporting and Governance Authority (ARGA), though these efforts have faced delays. The Financial Reporting Council (FRC) has increased fines but these are deemed insufficient to impact partner pay significantly. The report concludes that without cultural reform in auditing and a stronger regulator, audit firms will continue to profit despite their failures, undermining business confidence and the broader economy. EY, PwC, Deloitte, and KPMG did not comment on the report, and the FRC has not yet responded. #ROMAHired #Markets #Consulting #executivesearch #hiringtrends

We’re #hiring a new Senior Executive Search Consultant in United States. Apply today or share this post with your network. #ROMAHired #executivesearch #recruiting #careers

As the Great Resignation concludes, businesses breathe easier while employees adapt. With millions quitting over low pay and job dissatisfaction, it's crucial for businesses to prioritize workplace morale. The tighter labor market prompts retention strategies: competitive salaries, manager training, empowerment, flexibility, and recognition. Ultimately, fostering a service mindset ensures employee satisfaction and organizational success. It's a reminder that treating others well is key to achieving goals in any industry. #ROMAhired #business #markets #employers