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Rating:Castine's New Colleagues Hunger for Growth Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, September 27, 2013

Castine's New Colleagues Hunger for Growth

Reported by Tommy Fernandez

Fundsters, start your resumes.

MFWire reported late last month that Michael Castine, previously chairman of global asset and wealth management at Korn/Ferry, has joined the New York-based Ridgeway Partners as a partner.

Ridgeway's managing partner, Andy Hunter, recently spoke with MFWire to discuss the recent hire and the firm's plans for the rest of the year.

"We couldn't be more pleased. I've known Michael for several years and have always respected him," Hunter said.

Hunter's vision for this year is to "continue establishing Ridgeway as a premier global executive search and assessment boutique with a strong emphasis on financial services."

Currently, we are strong in the banking space, both corporate and investment banking, and have significantly strengthened our asset management capabilities. We look to add one or two other professionals that could round out our offering in areas such as insurance as well as functional skill sets like chief financial officers. We want to focus at the C-suite level. We will also look to form strategic partnerships with individuals who can add to the body for work.

Ridgeway's specialties include CEO searches and succession planning, among other services.

Hunter says he and his colleagues have been witnessing an uptick in hiring, and so are positioning themselves for steady growth in the coming year.

Business is strong. I'm not going to say it is fantastic, but it is quite strong. You can only hold off for so long in terms of hiring. Companies go only so far cutting expenses before the question becomes: can they generate more revenue?

There is growing appetite for salespeople and other executives tied to revenue generation, he said. There continues to be a strong demand for experts in risk and compliance. 

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