A European Bank was seeking a Head of Department for a new derivatives documentation unit at its London branch. The person had to be a qualified lawyer able to stand up to Front Office dealers but also engage with them in getting deals completed.
It was decided that a executive search was the best solution. DDL was asked to provide the bank with a shortlist of 6 people within 1 month. As this was DDL's first executive search we brought in a very experienced retired bank personnel director as a consultant on a fee sharing basis. This turned out to be a good idea as two interviewers could each consider and evaluate each candidate.
DDL identified 36 possible candidates and interviewed 10. From these a shortlist of 6 candidates was submitted to the bank within the 1 month deadline together with a report on each candidate plus their CVs.
The bank interviewed these candidates over 2 days with their Head Office, Legal Head at the interviews.
All candidates were regarded as high calibre by the bank but two stood out and they came back for final interviews with Front Office staff who marginally preferred one of them.
The preferred candidate was offered and accepted the job. They stayed with the bank for over 5 years before moving on.
As we offer a completely confidential service, our policy is not to disclose our clients by name. However, the case studies on this website indicate the range of institutions for whom we have worked.