(1888PressRelease)
February 06, 2008 - Alain Tanugi, Chairman, TRANSEARCH International Partners, was recently interviewed on CNBC's Headhunting Report with Ross Westgate. Following the credit crunch Alain provided his opinion on banks hiring plans.
Asked how the financial services were reacting to the credit crunch Alain replied 'Some of them have put a total freeze on their hires. Others are just pursuing already long assignments for certain fields. But, for the more hurt fields and sectors they are on the layoff approach or on a total freeze just waiting to see exactly what is going to happen to the markets in the near future'.
Alain is reasonably hopeful for 2008, suggesting that other sources of revenue for the major financial institutions will provide a buffer and lead to a continuity in the flow of hiring.
Alain Tanugi has over 30 years experience in Executive Search. You can discover more about Alain Tanugi at TRANSEARCH International's executive search firm website (http://www.transearch.com) and see the full interview with Ross Westgate at the CNBC website (http://www.cnbc.com/id/15840232?video=545915486).
Note to Editors: About TRANSEARCH
TRANSEARCH International (http://www.transearch.com/) has representation in most of the major economic centres of the world with 54 offices in 34 countries and is currently rated as the 10th largest global executive search firm by Executive Recruiter News (ERN). TRANSEARCH International was founded in 1982 and celebrated its 25th Anniversary in 2007. For more information contact the TRANSEARCH Central Office: contact ( @ ) transearch dot com. TRANSEARCH executive search firm website: www.transearch.com
