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Banking Executive Search in Germany 

Case Study

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  • A fresh perspective on a six-month executive search

    After six months in the market and three declined offers, a leading European banking group needed a different approach to a critical senior leadership appointment in Germany.

    Page Executive looked beyond the established executive search parameters, drawing on international connections, market insight, and a close understanding of what the business needed from its next senior leader.

    An executive candidate whose experience initially sat outside the expected profile proved the right match. The appointment was completed within 50 days.

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Lisa best profile photo

Managed by:

Lisa Best

Partner, Germany

The Client

Our client is the German operation of a leading European banking group, serving corporate and institutional clients across Germany and neighbouring markets.

Its activities include corporate banking, trade finance, cash management, working capital solutions, lending and cross-border banking services, connecting clients and opportunities across DACH, the Nordics and Southern Europe.

The Brief

The client needed a senior leader to oversee its Corporate Banking activities across DACH and the Nordics, working closely with Product teams.

This was a critical replacement hire with little room for delay. The incumbent was due to leave within a month, while the search had already been running with another executive search firm for approximately six months.

The mandate had reached offer stage three times, but none had resulted in an appointment.

The question was not simply where to find more candidates. It was what needed to be approached differently to achieve a successful outcome.

  • Search Methodology

    Engagement Icon

    Engagement

    The assignment originated through the client's long-standing relationship with Michael Page. Page Executive was brought in to add reach and fresh thinking to a search that had already been running for six months. Led by Lisa Best, Partner at Page Executive Germany, we approached the mandate with curiosity, challenging assumptions and exploring alternative talent pools rather than replicating previous efforts.

    Leveraging our international network, we identified a senior banking professional with the required Spanish-language capabilities who was open to relocating to Germany. This early success reinforced the value of our cross-border reach and gave the client confidence that we could access a different segment of the market.
     

    Sourcing Icon

    Sourcing

    With the search already well advanced, we focused on identifying the capabilities required for success rather than limiting our search to traditional career paths.

    This approach led us to a candidate whose background differed from the original brief but whose experience aligned strongly with the leadership challenge. Although their expertise sat more within Product Coverage than Corporate Coverage, we believed the underlying capabilities were highly relevant. By encouraging the client to reassess the profile, we helped reopen a conversation with a candidate they had met almost a decade earlier, but whose experience and suitability had evolved significantly since then.

    This reflects a key part of our approach: understanding the real drivers of success in a role before drawing conclusions about where the right talent can be found.

    Assessment Icon

    Assessment

    At executive level, experience alone does not determine success. Through in-depth interviews, we assessed leadership capability, technical expertise, motivations, expectations and cultural fit.

    Throughout the process, we maintained close engagement with both client and candidate, preparing candidates for interviews, gathering regular feedback, conducting detailed debriefs, monitoring commitment, completing reference checks and facilitating open discussions around compensation. This ensured clarity and alignment at every stage while allowing potential concerns to be addressed early.
     

    Delivery Icon

    Delivery

    During the final stages, a gap emerged between the candidate's compensation expectations and the client's budget. By maintaining open dialogue with both parties, we helped clarify priorities, align expectations and reach a mutually acceptable outcome.

    Page Executive remained closely involved through offer negotiation and final decision-making, ensuring a smooth and successful conclusion to the mandate. The assignment was delivered entirely through direct executive search and relationship-led engagement, without the use of job advertising.

  • The Solution

    The successful appointment did not come from widening the search indiscriminately. It came from looking more closely at what the client needed the individual to deliver.

    That distinction allowed us to put forward a candidate whose career path differed from the original expectation, but whose experience offered the capabilities the mandate required.

    International collaboration gave the search greater reach. Market knowledge helped us identify where to look differently. Continuous dialogue with the client and candidate helped turn that insight into a successful appointment.

    a golden line

    The Outcome

    • 50 days: From Page Executive joining the search to successful placement.
    • 6 months: Time the mandate had already been in the market.
    • 3 previous offers made before Page Executive joined the mandate, none resulting in an appointment.
    • The executive search was delivered through direct headhunting and professional networks.
    • The appointment gave the client the senior leadership it needed across its Corporate Banking activities in DACH and the Nordics, while bringing a lengthy and challenging search to a successful conclusion.

    More importantly, it demonstrated that when a market is tight, the answer is not always to search more broadly. Sometimes it is to look at the challenge differently.

  • Client Testimonial

    Our collaboration with Page Executive, and Lisa Best in particular, was extremely positive. From the outset, Lisa demonstrated an extraordinarily strong understanding of our needs and the underlying hiring brief. Our requirements were understood quickly and precisely, making the mandate highly efficient and straightforward.

    Lisa was always available, very well organised and flexible in responding to our requirements. The speed and efficiency throughout the recruitment mandate were of a remarkably high standard, and communication was consistently excellent.

    We felt very well supported throughout the entire mandate. The quality of the shortlisted candidates was excellent and closely matched our defined requirements. The support provided during the offer mandate and onboarding was also valuable.

    Overall, our experience with Page Executive and Lisa was consistently positive. We would gladly work with her again and would highly recommend both Lisa and Page Executive

  • Closing Comments

    This assignment shows what can change when insight, relationships and delivery come together.

    The executive search had already been in the market for six months. Our role was not to repeat what had gone before, but to understand where a unique perspective could create value.


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