ALM First Buys Phoenix Executive Recruiter DDJ Myers
About 40% of DDJ Myers clients have been credit unions or their organizations.
ALM First Group, a Dallas-based financial advisory service that focuses on credit unions, has extended its range to include executive recruitment and organizational consulting by acquiring DDJ Myers of Phoenix.
The purchase closed July 1 for an undisclosed amount. A news release from the companies said the leadership development firm is now called DDJ Myers: An ALM First Company. It said the two firms will continue to operate largely independently and retain their own headquarters locations.
Deedee Myers, founder and CEO of DDJ Myers, will continue as CEO of the subsidiary. DDJ Myers has 12 employees and ALM First has 120. “Clients can expect the same high-end service from the team members they know and trust,” the news release said.
Myers, in an interview with CU Times, said she has known Emily Hollis, the co-founder and CEO of ALM First, for many years. “She’s a great role model,” Myers said. “I’m very excited to be working with her.”
DDJ Myers’ website lists 243 past and present clients, including at least 100 credit unions and credit union associations. It specializes in executive recruitment, strategic organization and board development for financial institutions. It also offers a range of online assessments to help companies optimize their people.
Myers founded DDJ Myers in 1989, and has implemented programs for executive development and for organizations to support the progression of their mid-level talent.
“Our philosophy of advancing leadership success aligns perfectly with ALM First’s guiding principles and purpose-driven strategy to serve clients,” Myers said in the news release. “ALM First’s team of experts complements what we do and can create a powerful difference for our clients through unbiased advice and proven strategies to enhance financial performance.”
ALM First was founded in 1995 with a focus on financial advisory services for credit union clients.
“Over the years, we’ve continued to expand based on what our clients need,” Emily Hollis, CEO of ALM First, said. “By bringing DDJ Myers under the ALM First umbrella, our clients will directly benefit from executive search, leadership development and strategic planning best practices that complement our focus on financial performance.”
ALM First’s services include asset/liability management, fixed income portfolio management and hedging, and consulting to help organizations strengthen their financial performance and build efficiencies.
Its subsidiary, ALM First Financial Advisors, is an SEC-registered investment advisor with more than $78 billion of investments under management as of March 31. It acts as an unbiased third party, offering commission-free, fee-based services to over 300 U.S. financial institutions.