Duff & Phelps has announced the launch of its Interim Executive Solutions offering. The new service draws upon the firm’s well-established network of interim executives to match businesses with highly skilled and immediately available specialists to fill critical skills gaps during times of crisis, change and growth.
Interim executives are hired to drive change and transformation, solve problems and deliver expedited outcomes. Businesses can opt to hire interim executives in a variety of situations, including growth scenarios, managing a crisis, developing new products and ventures, or providing hands-on management of restructuring or turnaround situations.
Eddie Bines, Senior Director, Restructuring Advisory, Duff & Phelps, said: “This new offering is to ensure businesses are able to access the specialist management skills and experience they might need to sustain and grow their business. We are able to utilise our developed network of established interim executives to match immediately available and vetted specialists with the relevant expertise and deep sector knowledge who can take the lead on difficult decisions and challenging situations.”
Bines added: “We have seen interim executives deliver value in many ways. They hit the ground running, bring instant expertise, know best practice and have diverse corporate experience, often within the same sector. They are also objective and independent. Interim executives are typically after a short-term assignment rather than an extended career, so they are not afraid to question the status quo, and their fresh perspective often delivers results quickly and beyond expectations. Clients in every sector, irrespective of shape or size, can achieve strategic, financial and efficiency benefits through the wise engagement of interim executives.”
One of the key features of the service is the speed at which interim executives can be identified and placed into new roles, allowing businesses to see quick results and an immediate return on investment.
“Since the onset of the COVID-19 pandemic, we have seen heightened demand for vital skills, including financial and operational restructuring, turnaround and change management, IT and digital transformation, supply chain transformation and human resources. With an average turnaround of 48 hours for presenting interim executives and a week to starting in the role, we can offer businesses of any size and in any sector great pace and agility. Importantly, we will identify at least three of them so businesses can choose the one that fits best. This adds another crucial level of support for businesses, particularly following the myriad of challenges arising from COVID-19,” concluded Bines.