Hedge fund recruiter Schwab Enterprise LLC was acquired by Heidrick & Struggles International.
In addition to recruiting for leading hedge funds, New York-based Schwab Enterprise has published career guides and studies on compensation in the hedge fund industry. Claude Schwab, its founder, becomes a partner at Heidrick & Struggles. Before founding Schwab Enterprise, he ran Glocap's hedge fund practice in the U.S.
Also joining Hedrick & Struggles from Schwab Enterprise are Solan Schwab, Tina Hsiung and Rachael Timinsky. Solan Schwab, who becomes a principal, had focused on senior level infrastructure and investment professional hedge fund searches. Prior to his career in executive search, he practiced law for six years in the mergers and acquisitions department at Skadden Arps.
Hsiung becomes an engagement manager at Heidrick & Struggles, and Timinsky joins as a senior associate, the worldwide executive search and leadership consulting firm said in announcing the purchase.