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Swiss Market Report 2011 - Outlook

The Swiss corporate governance recruitment market has recovered. Positives for the market include a strong economy with many world class companies. The strength of the financial services sector and the increase in both local and international regulatory frameworks will only help to support demand for corporate governance staff.

Potential negatives are a dependence on external trade and particularly the EU. Any renewed weakness in the EU would impact the Swiss economy. The increasing strength of the Swiss Franc, a product of the success of the Swiss economy, and the highest salaries in Europe has resulted in Switzerland becoming a less attractive location for multinational groups to base their support functions.

Overall the Swiss corporate governance recruitment market, particularly compared with other European countries, made a relatively strong start to 2011. Demand was particularly notable from the commercial sector. We expect the total number of corporate governance professionals employed in Switzerland to increase during 2011. On current trends, the recovery in demand is set to continue.

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