Greenwich, CT-based RSR Partners has acquired the New York-native firm, Higdon Partners.

Christopher Sheeron RSR Partners Senior Director, Marketing and Communications

"Asset managers are taking an increasingly more active role in board room decisions," Christopher Sheeron, senior director of marketing and communications of RSR Partners, tells MFWire, regarding the company's reasoning for wanting to acquire an asset management recruiting firm.

Despite a strong financial services division, RSR has had a lack of asset management capability within the firm. The acquisition of Higdon, who focuses exclusively on asset management, significantly augments RSR's capabilities, further expanding their already diverse facilities to include an asset management branch.

Founded in 1993 by Russell Reynolds as a board search firm, RSR Partners is a worldwide executive search firm affording clients a global network, a meticulous search technique and distinguished recruiting professionals. Higdon Partners is a global, boutique recruiting firm specializing in placing investment management executives in top-level positions.

As of right now, RSR has no immediate plans to acquire other companies, Sheeron says, but they are not ruling it out completely.  

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