The new firm, Tribal Interim Resourcing, will find top-level interim staff for public sector, housing and regeneration posts. It has been formed by Tribal's recruitment arm Tribal GWT and housing specialist Hacas Chapman Hendy.
The firm will be launched at the Chartered Institute of Housing's Harrogate conference from 15 to 17 June.
The market for interim managers across all business sectors has expanded from £75m in 1995 to £190m in 2000. It is expected to reach £400m by next year, according to market researcher Sambrook Research International.
Paul Johnson, a director of Tribal Interim Resources, said: "Hacas and Tribal are developing this because they have been asked by many clients whether they can provide interim management services."
He puts the demand down to increased complexity and change in the housing sector. Interim managers are often bought in to take charge of a particular project, mentor new senior staff or guide a housing association through Housing Corporation supervision.
Increased complexity and change in the sector has led to more demand for interim management services
Paul Johnson, Tribal Interim Resourcing
The new firm's main competitors will be executive recruiters such as KPMG and Veredus. However, more than half of the interim management market is made up of sole traders.
Tribal Interim Resourcing has recruited four senior staff and is advertising for associates.
Tribal Group, a public sector consulting firm, bought Hacas Chapman Hendy for £45.1m in July last year (HT 25 July 2003, page 11).
The firm has bought more than 30 companies since it was founded in 1999.
An equity analyst who follows Tribal said the firm was right to expand into the interim management sector: "They have recruitment business focusing on the public sector and extending that into a broader interim management service is the way many of these human resourcing companies have gone."
Source
Housing Today
No comments yet