Hudson Global has agreed to sell its recruitment and talent management operations in Asia Pacific (APAC) in a management buy-out led by Mark Steyn the company’s chief executive officer, APAC. The transaction is part of a wider strategy by Hudson Global to divest some of its global operations, including the sales of its recruitment and talent management operations in Europe, to focus on its global Recruitment Process Outsourcing (RPO) business.
Mr Steyn commented: “The decision by Hudson Global has created an opportunity for members of the APAC Executive Leadership Team to buy a business that we are proud of and to apply our experience to deliver talent management solutions for clients in the region.
“Collectively, the MBO team has 76 years’ combined experience with Hudson APAC and we are passionate about the business. We will retain the Hudson brand,” he added.
The APAC Executive Leadership Team (ELT) participating in the MBO, in addition to Mark Steyn, includes Dean Davidson (Executive General Manager, Recruitment Australia/NZ), Amy Yates (Executive General Manager, Recruitment Asia), Simon Moylan (Executive General Manager, Talent Management) and Kendall Ryan (Chief Financial Officer). The ELT will also be supported by an experienced Board of Directors, chaired by Robert Moran.
The new Hudson APAC business consists of 16 offices, across five countries, employing a team of more than 675 people with revenue in excess of AUD300m.The proposed transaction is subject to Hudson Global shareholder approval and other customary conditions. Completion is expected in the first half of 2018.