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4:40 AM Saturday, August 19, 2017
Finance
​International Headhunter Boyden Opens In Kyiv
New York-based executive search company sees Ukraine as a growth market in 2017
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KYIV -- Global talent advisory firm Boyden has opened here, aiming to capture what it sees as a growing market for recruiting company leadership.

"Ten years ago, [recruiters] worked mostly with large international companies," said Alexey Dolgikh, managing partner of Boyden’s new office in Ukraine. Before opening the office here in December, Dolgikh worked as a recruiter in Ukraine, Russia and the CIS for 15 years.

"But in the past five years, all kinds of businesses, small and large, international and local, have started using recruiters as a common practice," added Dolgikh, the founder of Boyden Ukraine.

Founded 70 years ago, Boyden World Corporation is headquartered just outside of New York City, in Purchase, New York. Searching for new growth markets, the company opened offices in the last six months in Australia, Russia and Ukraine.

Mixed Outlook on Executive Search

Recruiters here have mixed assessments of demand for their services.

Michael Tappan, managing director at DoverBridge LLC, said he sees growing interest among Ukrainian companies to improve the composition of their governing boards. But he does not characterize it as "strong.”

Independent company leadership is not broadly seen as a career path in Ukraine, according to Alexander Okunev, the chairman of the Corporate Governance Professional Association.

On the other hand, Okunev expects a large number of companies "to perfectly understand" that they can only become more competitive and secure new capital by creating transparency in their governance models. This means choosing professionally vetted candidates for leadership roles.

Tappan added that some company leaders he has talked with are not fully aware of what they have to do to recruit a solid executive or board member and how they could potentially benefit from a recruiter's experience.

Boyden's Strengths

Boyden's Dolgikh said that while Ukraine's culture of working with recruiters and consultants "is only developing," the range of companies willing to turn to a recruiter is constantly broadening. Ukrainian schools and nongovernment organizations now are turning to recruiters to fill leadership roles, he said.

Oddly. Ukraine's economic downturn and separatist conflict may even boost demand for recruiting services.

"Companies change executives more quickly during a crisis," he said. "During a storm, a ship must have a strong captain."

Boyden bills itself as having strong advisory experience in agribusiness, technology and telecommunication - some of Ukraine's strongest industries. The company also boasts expertise in retail, financial services, healthcare and manufacturing.


For comments and news tips, please contact UBJ Kyiv Correspondent Igor Kossov at igor.kossov@theubj.com.

Photos: Alexey Dolgikh, a veteran of Ukraine’s headhunting scene, has opened Boyden Ukraine at 2 Rohnidynska Street, Kyiv. (Photo: James Brooke)
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