An office grows on Park Avenue

The Greenwich recruiting firm RSR Partners is opening a new location on Park Avenue in Manhattan.

Trey Reynolds, managing director of RSR Partners, said the doors are open at the new office on the 30th floor of 280 Park Ave. The office will allow the company to be closer to its clients and talent, particularly in the areas of private equity and financial services, which have proven to be growth areas and two of the company”™s strongest practices, Reynolds said.

RSR Partners also opened locations in Chicago and Los Angeles this past spring and said its focused nature and private model has allowed the company to deliver strong outcomes for its clients. RSR also has a Cleveland location.

“There is no executive search firm quite like us in New York City,” Reynolds said. “As a medium-size firm, we take a different approach to executive recruiting that involves continuous, hands-on participation from all of our senior partners, all of whom have world-class experience with our larger competitors. At the end of the day, if you”™re a public company you have to decide what to do with the bubble of cash, make stock go up or give to the employees their due compensation so they don”™t walk out the door. We have always felt that activity dilutes the pure product offering.”

Reynolds said the staff that has been hired in the Manhattan office has been in the making for some time.

“It”™s amazing we have been able to attract some really talented people who have great followings in exec search business.”

By remaining a private company, it has been able to avoid consideration of buoying stock prices and has not had to push incentives on to its clients, Reynolds said. The resulting structure of the company is attractive to seasoned professionals from larger executive search companies, he said.

“In general, larger search firms are also doing much better than they were three years ago,” he said. “But it”™s much easier to be nimble and grow when you have a smaller base.”

The firm would be looking to hire additional staff recruitment professionals in the new office, focus on prospects who come from larger search firms and are interested in an environment where there is a greater access to clients, he said.

The business would possibly look to expanding operations abroad next, noting Hong Kong and London as strong prospective growth areas for executive search.