Headhunting firm Russell Reynolds Associates has embarked on a major restructuring of its operations in the wake of recent senior-level departures.
Reynolds has in recent months lost two of its three managing directors - Louisa Rousseau and Andrew Tsui - who had the reputation of being the firm's two largest revenue earners.
Ms Rousseau had moved to another recruitment consulting practice, Bole, while Mr Tsui was still evaluating his options.
The departure of the two partners has prompted Reynolds to re-think its Hong Kong strategy, with plans to move to a larger team to compensate for the departure, according to its head, Raymond Tang. 'There will be a gap [left by the two departures], and we have to plug it,' he said.
He said the firm intended to produce 'a team of people addressing our relationships, rather than an individual'.
He said the restructure had begun.
Whereas Ms Rousseau had previously run the firm's consumer goods area mostly as a one-person division, the firm had moved four of its personnel into the area to help fill her shoes.