Released on: February 5, 2008, 6:47 am

Press Release Author: Transearch International

Industry: Financial

Press Release Summary: In a recent interview on CNBC\'s Headhunting Report Alain
Tanugi, Chairman, TRANSEARCH International Partners, provides his opinion on banks
hiring plans following the recent credit crunch.

Press Release Body: Alain Tanugi, Chairman, TRANSEARCH International Partners, was
recently interviewed on CNBC\'s Headhunting Report with Ross Westgate. Following the
credit crunch Alain provided his opinion on banks hiring plans.

Alain Tanugi has over 30 years experience in Executive Search. You can discover more
about Alain Tanugi at TRANSEARCH International\'s executive search firm website
(http://www.transearch.com) and see the full interview with Ross Westgate at the
CNBC website (http://www.cnbc.com/id/15840232?video=545915486).

Asked how the financial services were reacting to the credit crunch Alain replied
\'Some of them have put a total freeze on their hires. Others are just pursuing
already long assignments for certain fields. But, for the more hurt fields and
sectors they are on the layoff approach or on a total freeze just waiting to see
exactly what is going to happen to the markets in the near future\'.

Alain is reasonably hopeful for 2008, suggesting that other sources of revenue for
the major financial institutions will provide a buffer and lead to a continuity in
the flow of hiring.

Note to Editors: About TRANSEARCH International executive search firm
TRANSEARCH International (http://www.transearch.com/) executive search firm was
founded in 1982 and celebrated its 25th Anniversary in 2007. TRANSEARCH
International has executive search representation in most of the major economic
centres of the world with 54 offices in 34 countries and is currently rated as the
10th largest global executive search firm by Executive Recruiter News (ERN). For
more information contact the TRANSEARCH Central Office: contact at transearch dot
com. TRANSEARCH executive search firm website: www.transearch.com

Web Site: http://www.transearch.com/

Contact Details: TRANSEARCH Central Office: contact at transearch dot com.
TRANSEARCH executive search firm website: www.transearch.com