Spencer Stuart: LatAm Growth

BY CHRONICLE STAFF

Ignacio Marseillan is bullish. As managing director of South America for U.S.-based search firm Spencer Stuart he has seen strong growth the past year and expects another double-digit increase this year.

"The market is very active, not only because of the economic growth of the region but also [the] structure of [the] industry," he says. "People are changing; new investments are coming [with] new executives for different investments."

He expects to post 20 percent revenues growth in South America this year, following 30 percent last year and the previous two years. Privately-held...