Russell Reynolds Associates Makes Landmark Acquisition in Norway

Strategic takeover of established Oslo executive search firm, Amrop AS, strengthens Russell Reynolds’ Nordics operation

News provided by
Russell Reynolds Associates
Jun. 20, 2016 09:15
OSLO, NORWAY & LONDON & MUNICH--(Business Wire / Korea Newswire)--Russell Reynolds Associates has acquired Amrop AS - one of Norway’s leading leadership consulting and executive search companies - effective 16th June 2016. This is a key move in Russell Reynolds’ 46-year history and takes the firm to 50+ professionals in the Nordic region. This transaction is also a first of its kind among the top three search partnerships in the Nordics - reinforcing Russell Reynolds’ dominant market position.

Client demand for an expanded Nordic hub has grown, as Norwegian companies have taken leading positions in global industries, including energy, aquaculture and shipping. Norwegian funds have also become increasingly significant investors and have pioneered good boardroom governance and diversity - setting the benchmark for companies worldwide.

The newly integrated Oslo team will ensure Russell Reynolds is best placed to tap into the executive and non-executive talent pool in Norway, working effectively across borders to provide clients with a broad and diverse set of elite candidates. The move will both open up new opportunities for Norwegian executives abroad, but also increase the pool of international talents to recruit to top management and board positions in Norway.

“Our firm is committed to helping clients find exceptional people that can lead their company to global success. Our expanded Oslo office is another important step in our growth strategy, our mission to lead the industry, and our ability to serve clients in a global market,” says Clarke Murphy, CEO of Russell Reynolds Associates.

While the firm has historically grown organically, the acquisition was due to a meeting of minds. “The Norwegian team is the perfect fit for our brand and our culture. We have followed them closely over the last three years and were impressed by their continuous growth and outstanding reputation. Together we can now serve all our clients’ needs across the Nordics", explains Jim Hinds, Managing Director for Europe at Russell Reynolds Associates. “Clients want us to bring global solutions to their current and future business needs. We help them to see around corners so that they are prepared for what is next.

We are thrilled to have such a great team in Oslo to enhance this capability in the Nordic region and contribute to our ongoing success.”

Amrop AS will adopt the Russell Reynolds Associates name and the Oslo office will be led by former Amrop Managing Partner, Harald Kringlebotn. Kringlebotn comments, "We are very proud to become part of Russell Reynolds Associates’ outstanding team, which we have admired over the years. We share their ambition to act as next generation leadership advisors to our clients - ensuring excellent leadership, diversity and governance by also challenging the closed circles that have dominated executive and non-executive environments to a too high degree.”

About Russell Reynolds Associates

Russell Reynolds Associates is a global leader in assessment, recruitment and succession planning for boards of directors, chief executive officers and key roles within the C-suite. With more than 370 consultants in 46 offices around the world, we work closely with public, private and nonprofit organizations across all industries and regions. We help our clients build teams of transformational leaders who can meet today’s challenges and anticipate the digital, economic, environmental and political trends that are reshaping the global business environment.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160614006408/en/

Website: http://www.russellreynolds.com

Contact

Russell Reynolds Associates
Susanne J. Mathony
Director Marketing & Public Relations EMEA
Maximilianstrasse 12–14
80539 Munich
Tel.: +49 89 24 89 81 33 – Handy: +49 174 25 82 711
Susanne.Mathony@russellreynolds.com