December 2024
Market Mapping Delivers Deep Candidate Insights for Private Bank
Key takeaways
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candidates mapped across eight geographic regions
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private bankers being placed globally
The challenge
One of the world’s largest private banks in Zurich was looking to expand and hire 20+ new private bankers.
To ensure they were hiring the best talent possible, they needed to research the candidate landscape across the regions aligned with the market coverage they wanted to target. However, they didn't have the right expertise or capacity internally to take on such a large project and therefore needed support from a global, strategic talent specialist.
The solution
The client onboarded Selby Jennings, and our expert consultants began researching all relevant businesses and bankers aligned with their requirements.
We mapped over 500 candidates across eight geographic regions including Eastern Europe, LATAM, the UK, and the Middle East to give a holistic view of the available market.
Following this we defined the client's exact needs, diving into the details about the types of candidates, skillsets, and values the client needed to hire to contribute to their growth and business goals.
Once both aspects were complete, we overlayed the desired candidate profile onto the mapping to identify those most closely aligned to the client's requirements and, once confirmed, started the process of engaging and building relationships with every single one.
Above is an example candidate map for one bank in a single location. This was replicated across multiple offices and regions to give full market coverage for possible candidates.
The result
Our market mapping capability provided our client with valuable, deep insights into the market and the specialisms they needed. This allowed them to focus strategy and investment in the specialisms where the strongest talent pools sat, ultimately meaning they could be sure they were hiring the absolute best candidates available.
Selby Jennings has already placed over 50% of the roles they were looking for, and are continuing to collaborate on further vacancies.
Summary
This ongoing partnership demonstrates the power of effective talent mapping and specialized market insights. By leveraging Selby Jennings' expertise, this bank not only identified over 500 potential candidates but also strategically focused its hiring efforts to secure top talent.
Our collaboration laid the groundwork for continued success in filling future vacancies and highlights the importance of expert consultancy in achieving targeted, high-quality recruitment outcomes.