David Barrett, a well-known executive search specialist in wealth and fund management, who was previously head of the global asset and wealt...

David Barrett, a well-known executive search specialist in wealth and fund management, who was previously head of the global asset and wealth management practice at Heidrick & Struggles, is setting up on his own, with David Barrett Partners.

The new executive search firm will focus on investment and wealth management. Mr Barrett has recruited four additional staff: Darryl Adachi, Danit Ben-Zvi and Anne Keyser whom he knew at Heidrick & Struggles, and Ted Kister who first recruited Mr Barrett into the executive search profession at Russell Reynolds Associates in 1986.

"In a smaller, more focused environment, we can be selective in undertaking assignments and align our goals with those of our clients. We do not have the management distractions of a big firm,” said Mr Barrett in a statement.