Says this article from AESC's SearchWire
The colour of the skin no longer matters in India Inc's boardrooms. Corporate India, which depended heavily on leadership talent from the US and the UK during its early days of globalisation, is now looking at expertise from markets similar to the Indian context.
Executive search firms in India now traverse the map to identify and hire expat talent from Vietnam, Malaysia, Russia, Finland, Poland and Australia to take the country into the next level of growth. "That's because India now needs specific skills, unlike in the past when leadership was only mandated to take the company to US and European markets," says Arun Das Mahapatra, Partner, Heidrick & Struggles, a global executive search firm.
Anjali Bansal, Chief Executive Officer, Spencer Stuart, agrees, "Of late, we have imported expat talent from countries similar to India, in terms of their culture and economic development." Spencer Stuart, a global executive search consulting firm, has recruited CXOs from Vietnam, South Africa, Brazil, Australia and West Asia. Global search firm EMA Partners, too, has concluded recruitment deals for Indian companies from Finland and Poland (for expertise in metals), Australia (for mining) and West Asia (for real estate, infrastructure and oil and gas sectors), says K Sudarshan, Managing Partner, EMA Partners International.
The trend, though still in early stages, is a pointer to the fact that Indian companies are looking for experience in evolving and emerging markets similar to India. The reason for the shift, says Gerry Davis, Regional Managing Partner, Asia Pacific, Heidrick & Struggles, is because Indian companies are hiring smart now.
That seems to be the same thing my good friend AK Menon - executive search consultant who specialises in 'expat" placements also seems to be blogging about these days!