Move continues expansion in Northeast, Tri-State area
NASHVILLE, Tenn. and New York – Nov. 24, 2020 – Vaco, a talent and solutions firm that provides consulting, contract and direct hire solutions to more than 40 markets around the globe, has expanded its New York office by launching technology and staffing divisions as it continues to grow across the Northeast and tri-state area. The firm named Michael Doud, an experienced leader in talent and solutions and a professional services executive, managing partner to guide Vaco’s future expansion in the area.
The new divisions bolster Vaco’s existing financial services solutions in New York, which includes capital markets, private equity, loan remediation, regulatory and compliance services, risk management and technology enablement. The expansion positions the firm to better serve clients and candidates with a full spectrum of talent and solutions that include consulting, executive search, permanent placement, project management and corporate relocation.
“We are excited about our growth in New York and the tri-state region, and we are committed to continued expansion throughout the Northeast,” said Renee Fisher, executive partner over Vaco’s northeast region. “Michael is a strategic leader who will help extend our global reach as we expand our services to support new industries and services within existing financial services clients.”
Doud joined Vaco in 2018 to build out its global solutions practice. He will continue in the executive director of global solutions role, leveraging the firm’s broader capabilities to the benefit of New York-based clients. Doud has more than 20 years of executive, sales, financial services and consulting experience. Prior to Vaco, he was senior vice president of strategic accounts at Robert Half International. Doud was also managing director of The Mergis Group’s Chicago practice. Mergis Group was a consulting subsidiary of Spherion (now Randstad). He also served as regional practice director of Spherion.
I’m looking forward to building upon a successful financial services practice, led by Dmitry Zhukov,” Doud said. “The practice has navigated an unprecedented 2020 extremely well, positioning us to emerge from the pandemic with a promising future. Our team of industry experts have an unbeatable endurance guiding them to best support Vaco’s clients and we’re excited to continue this eagerness in the new year.”
It also complements Vaco’s recent expansions in Canada, following its acquisition of Toronto-based Prodigy Bank, one of Canada’s fastest-growing technology talent firms, last month and the opening of a Vancouver office earlier this week; its expansion into Montreal last year; and its Lannick acquisition in 2017. New York is a key growth market for Vaco, which has experienced rapid expansion, serving nearly 620 clients and more than 2,100 candidates since the office opened in 2015. Vaco’s New York office is part of a powerhouse that delivers talent and solutions across diverse industries and to nearly 10,000 clients globally as it continues to grow.
In recent years, Vaco has announced numerous other acquisitions and expansions, including the acquisition of MEBC Global, a Pennsylvania consulting firm specializing in supply chain processes in late 2018; the expansion of its business agility services operations in the Raleigh-Durham, N.C. area; the acquisition of Aventine Hill Partners, an advisory, consulting and executive search firm, as Vaco in San Antonio; and the acquisition last year of MorganFranklin Consulting, a leading finance and technology advisory firm based in the Washington, D.C. area, with regional offices in Atlanta, New York, San Francisco and Los Angeles.
Vaco provides boutique level service with global reach in the areas of consulting, consultative project resources, executive search, permanent placement and strategic staffing. Areas of expertise include c-suite search, accounting, finance, technology, health care IT, operations, administration and international managed services. Since its founding in 2002, Vaco has grown to serve more than 40 markets across the globe, 9,800 employees and $700 million in revenue. Vaco has been named to Inc. magazine’s list of the fastest-growing private companies for the past 14 years and was named to Forbes’ 2018 & 2019 lists of America’s Best Recruiting Firms.