About
CMC Markets is a UK-based financial services company that offers online trading in shares, spread betting, contracts for difference and foreign exchange across world markets. CMC is headquartered in London, with hubs in Sydney and Singapore.
Requirement
Simon Waugh was the incumbent chairman of CMC Markets APAC (based in Sydney, Australia) and was due to step down as he had been on the board for an number of years (amicable exit). He was trusted to hire his own replacement, and reached out to La Fosse as he had an existing relationship with Jack Denison, Global Head of Executive Search and Interim Management at La Fosse Executive.
Solution
Simon had got in touch with us 48 hours before contacting a number of Sydney-based agencies and asked us if this was even something we would look at. We took a fairly short brief on the phone and before being fully engaged, we sourced three strong Australian candidates for the role and sent them over to Simon within 48 hours. He said all three looked great and he and the CEO would like to take them all to interview. Two of the three got through to second and third-round interviews. At final stage, the CMC board decided they wanted to hire one of the candidates, but would also have happily hired the second candidate (who they later reengaged with regarding a NED role at the business).
La Fosse had zero track-record or physical presence in Australia, however through our extensive senior network, we managed to identify, reach and close three strong candidates, two of which they wanted to hire.
Results
The role was filled before any other agencies had a chance to pitch for it. They expected the search to take up to six months. End-to-end, the process took six weeks from brief to placement.
Testimonial
“Having worked with La Fosse as both a client and candidate, I am still impressed by their values-led approach, and the passion and dedication of their consultants. I initially engaged the team to place a Chairman in an international FTSE 250 business. The process was extremely professional, efficient and demonstrated a remarkable depth of knowledge of the market with an insight into the global landscape. Consequently, the shortlist was extremely high calibre, to such an extent that all candidates presented would have been a good fit for the role.
Crucially, as a candidate, I still felt exactly the same level of drive and commitment from the consultants. The support, feedback and constant communication throughout the process all marked La Fosse out to be a different kind of recruitment agency. I look forward to working with them in the future and would recommend them to any business leader seeking an exceptional recruitment partner.” SIMON WAUGH – EX-CHAIRMAN, CMC MARKETS APAC