FINSwire Jan 07 2010

Bank-Exec Fashion: Celebrity CEOs, Technocrats Are Out

FINSwire Team

Successful bank CEOs once came in two flavors: charismatic celebrity and technocrat.

In the post-meltdown era, executives who embody both roles are in huge demand, according to a white paper from S. John Kim, global co-leader of the financial-services practice at executive recruiter Heidrick & Struggles.

Banks need strong managers "with vision and a risk-control focus," said Kim.

Another must-have: courage.

Many market players have been too frightened to make decisions. But top talent will gravitate to bold leaders, according to Kim.




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