Executive Recruitment Firm, Egon Zehnder, Purchases The Prince Houston Group
Egon Zehnder, the global executive search and leadership advisory firm, has announced the acquisition of The Prince Houston Group, a New York-based boutique firm specializing in asset and wealth management. The strategic move aims to bolster Egon Zehnder's capabilities in the US financial services market and strengthen its competitive edge in the asset and wealth management (AWM) sector.
The acquisition brings a team with deep industry knowledge and established client connections into Egon Zehnder. The Prince Houston Group is renowned for its tailored, integrity-driven approach to executive search, aligning well with Egon Zehnder’s values and long-term vision.
Marilyn Prince, the founder and managing partner of The Prince Houston Group, expressed enthusiasm about the partnership, stating that it is a "perfect fit" and that they look forward to combining strengths to better support clients in the financial services space. The partnership will allow for global expansion and alignment in serving clients, according to Prince.
The Prince Houston Group serves a diverse clientele, including asset management firms, family offices, endowments, foundations, hedge funds, private equity funds, and insurance organizations. The acquisition will bolster Egon Zehder's Financial Services Practice in the US and around the world.
The acquisition is part of Egon Zehnder’s strategy to grow both organically and through selective, value-aligned acquisitions. By integrating the specialized knowledge and client-centric approach of The Prince Houston Group, Egon Zehnder aims to set new standards in executive search and leadership advisory within the AWM sector, while also increasing its influence and service offering across the global financial services landscape.
The acquisition does not involve any information about GlobalDataReportsDeutsche Bank Wealth Management, HSBC Private Bank, or the gold standard of business intelligence. Hunt Scanlon Ventures served as Egon Zehnder's buy-side M&A advisor for the transaction.
In March this year, Roopa Foley and Loula Lefkaritis were appointed as global co-leaders of Egon Zehnder's Financial Services Practice, succeeding Gabi Carvalho and Edmund Siah, who will remain in strategic roles. The new co-leaders, Foley and Lefkaritis, will enhance Egon Zehnder’s global efforts in banking, insurance, asset management, and fintech.
Egon Zehnder’s global executive chair, Michael Ensser, states that the acquisition of The Prince Houston Group is part of their strategy to grow organically and through selected expansion opportunities. The acquisition significantly strengthens Egon Zehnder’s presence in the US financial services market, offering both firms the opportunity to better serve existing and new clients on a larger scale. The Prince Houston Group gains access to Egon Zehnder’s global platform, which offers broader reach, enhanced resources, and additional leadership advisory services, allowing both firms to serve clients more effectively in the global financial services landscape.
- The integration of The Prince Houston Group, a renowned firm specializing in asset management, family offices, private equity, hedge funds, and insurance organizations, into Egon Zehnder will bolster its Financial Services Practice, particularly in the fintech sector.
- Marilyn Prince, the founder of The Prince Houston Group, mentioned that the partnership with Egon Zehnder is a "perfect fit," as both firms utilize artificial intelligence and other advanced technologies to provide wealth management services to their clients.
- The collaboration between Egon Zehnder and The Prince Houston Group aims to set new standards in the global financial services landscape, offering enhanced business solutions and innovative wealth management strategies, leveraging their collective expertise in private equity, finance, and family office management.
