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Korn/Ferry International retakes position as the world’s number one executive search firm

United Arab Emirates: Thursday, April 07 - 2005 @ 15:01

Korn/Ferry International was recognized as the top firm following just released annual rankings from the industry’s two leading trade organizations to determine global revenues, practice breakdowns and staffing numbers. Analysts at Hunt-Scanlon and ERN confirm that for the 12 months ended January 31, 2005, Korn/Ferry’s global revenues jumped 38 percent to $438 million — $60 million ahead of its nearest competitor.

“Korn/Ferry competes in an industry with the highest quality competitors — we are extremely pleased by the entire industry’s performance and are proud to have reclaimed the number one position,” said Paul C. Reilly, chairman and CEO of Korn/Ferry International. “This is truly a validation of our long term strategy, and it reinforces our dedication to providing clients with exceptional service.”

While active in the Gulf Cooperation Council (GCC) market for nearly 30 years, Korn/Ferry International solidified its commitment to the region in November 2004 by opening a Dubai office. Since then, Korn/Ferry International, Middle East has continued to develop its client base with leading corporations throughout the Gulf region, while further strengthening its relationships with key industry leader organizations.

“It is tremendously satisfying for Korn/Ferry to be recognized once again as the world’s largest executive search firm,” said Metin Mitchell, Managing Director, Korn/Ferry International, Middle East. “Our global dominance is being reiterated in the Middle East, where there is huge potential in the GCC market. As many Middle East-based companies struggle to keep pace with continued development, Korn/Ferry’s extensive global network and industry-specific expertise will enable us to effectively respond to clients’ growing human capital needs.”

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Thursday, April 7- 2005 @ 15:01 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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