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Demand for cross-border executive level expertise for interim and transformation projects has increased during 2018 and looks set to expand further in the year ahead according to IXPA’s international partners.
Feedback from IXPA’s network of 15 partners across 19 countries highlights an increasing number of opportunities for partners to work together to solve challenges faced by multinational corporations.
Interim solutions for companies with multiple offices in Europe
In Europe, IXPA’s partners in France and Belgium are currently working together to find a Chief Financial Officer (CFO) in Belgium for a French headquartered business. This follows a successful collaboration between IXPA’s partners in Austria and Switzerland to provide cross border advice to a medical devices company in Austria that was planning reorganization in Switzerland. The project led to the introduction of an HR expert with strong knowledge of the regulatory requirements in the Swiss jurisdiction.
Interim market overview
IXPA’s partner in Switzerland has noted an overall slowdown in the interim market which has been mitigated by the fact that talent is scarce and targeted expertise is highly sought after. In Austria a slight slowdown has also been observed but 2018 was a busy year with two long-running assignments for our partner and collaborations with IXPA’s partners in Switzerland, France and The Netherlands. The UK is anticipating a busy year in 2019 with a strong pipeline already in place for the first quarter and a move towards more fixed fee projects.
Firms focus on restructuring
Restructuring projects are driving much of the growth in the demand for targeted executive solutions across Europe. In Germany, approximately 50% of all projects dealt with by IXPA’s partner in the country arise from restructuring.
The market in Asia appears to be following the same patterns as Europe with IXPA’s partners in Asia Pacific reporting an increasing number of assignments during 2018 and a high proportion of projects involving corporate restructuring. In Africa, IXPA’s partner is anticipating some cross-border opportunities with fellow partners in Europe including the UK and Germany. In the USA, interim management continues to be a growing market and IXPA’s partner has completed some interesting projects, including providing targeted CFO expertise to a manufacturing organization.
Each of our partners has specialist regulatory and business knowledge pertinent to their own jurisdiction and this knowledge is invaluable to corporations that have multiple sites around the globe. This is one of the key reasons why IXPA is trusted by leading global companies to deliver cross-border executive solutions.