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TheStreet Open House

Heidrick & Struggles Acquires Scambler MacGregor

Stocks in this article: HSII

CHICAGO, Nov. 21, 2013 (GLOBE NEWSWIRE) -- Heidrick & Struggles International, Inc. (Nasdaq:HSII), the premier professional services firm focused on serving the leadership needs of top organizations globally, today announced the acquisition of Scambler MacGregor, an Australian-based retained Executive Search boutique that serves the needs of the financial services industry. The addition of Scambler MacGregor further strengthens Heidrick & Struggles' position as the predominant leadership advisor in the Asia Pacific region.

"Australia is one of Asia Pacific's largest and most highly developed financial services markets and the addition of Scambler MacGregor gives us added scale and expertise. This acquisition strengthens our already extensive banking and investment management relationships to better serve our clients in the region," said Jory Marino, interim Chief Executive Officer of Heidrick & Struggles.

As part of the transaction, David Scambler and Craig Williams join Heidrick & Struggles as Partners. They, along with their team of three support professionals, will be based in the company's Sydney office.

"This is a new chapter of growth for our Australian operations," said Steve Mullinjer, Heidrick & Struggles' Regional Leader of Asia Pacific and the Middle East."Since launching our Financial Services Practice in 1989, Australia has been one of the largest markets for Heidrick & Struggles globally. We have an outstanding team in place, and this acquisition further enhances our ability to help our clients with their senior-level talent strategies."

Since its formation in 2005, Scambler MacGregor has created a niche within the corporate and institutional banking, insurance, asset management and wealth management sectors throughout Australia. It brings established relationships with a number of major financial services institutions.

"I am truly delighted that the Scambler MacGregor team is now a part of Heidrick & Struggles, which has led our industry for 60 years," said Scambler, the firm's co-founder. "As part of Heidrick, we gain access to a global network and market insights that will allow us to add value to our financial services clients both in the breadth and depth of the services we offer. We know we are joining the best in the business."

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