Saket Jain and Kanwardeep Singh, co-founders of Vito India Advisors, a leading Executive Search firm and Supreet Singh, founder of Altor Executive Search announced that the partners and teams of Vito and Altor have entered into a binding agreement to form a larger platform - VitoAltor Advisors. The new entity will be India's largest Financial Services executive search specialist by market share; with a combined strength of 60+ search consultants in Mumbai and New Delhi.
Commenting on this transaction, Supreet Singh, said, "The synergies between our teams were clear from the start. I wanted to partner with a dynamic, high-growth trajectory firm with a strong, talented and credible leadership team; to help expand our business. We will triple our go-to-market and coverage capabilities with this transaction. The combined firm will help us with deeper sectoral coverage and functional specialisation, which will enable us to present wider solutions to our clients."
Commenting on this development, Nagesh Wagh one of the founding partners of Vito said, "Vito's Institutional strength in Wholesale-led businesses; with Altor's strong Retail-led franchise - Wealth, Retail Finance, Insurance, Digital / Consumer Tech etc. will create India's largest financial services specialised search firm. This transaction will help fortify our #1 position in India in the BFSI space; as we will look to leverage our enhanced Partner, Leadership and Consultant bandwidth; to focus and drive our next phase of growth in further building our sector coverage through a COE approach (Finance, HR, Legal, Technology, Sales & Marketing and Manufacturing-SCM)."
"Vito has been consistently making efforts to bolster its executive search business across varied domains within financial services and the larger industry segment. This merger is one such step in our journey. We will continue to expand organically across sectors and selectively look at inorganic situations to springboard our platform across the human capital services domain," adds Saket Jain.
Reuben Mistry, CEO, Vito India Advisor will be the new Chief Executive officer of the new merged entity - VitoAltor Advisors, which will commence joint operations from October 15, 2018 but will take around 3 months to be fully integrated.
VitoAltor Advisors will serve over 200+ clients in India across mid-market corporates and financial institutions, having a combined track record of 2800+ placements across mid-senior levels with over 800+ successful searches at the CXO level.