Generation X expected to be at the helm of fintech companies: Venator Search Partners
Generation X (35-50 years old) is expected to be at the helm of fintech companies and there is a consensus that bank-fintech partnerships are the future, according to a survey conducted by BFSI focused CXO search firm Venator Search Partners.
Even globally, Generation X accounts for 51% of leadership roles. While they are expected to dominate the leadership positions in the digital organisations, millennials are also gradually occupying leadership roles and represent the largest percentage of the workforce, several of them are climbing the leadership ladder faster than any other generation.
A bird’s eye view of the fintech space reveals that a big majority of the fintechs were founded over the last 5-7 years. Most of the founders of these companies are Gen X or millennials. Therefore, considering the age of the founders and the scale-up potential of these startups, there is an emerging vacuum in terms of mentorship, the report said.
“We as headhunters see significantly higher cash compensation that the fintechs offer compared to traditional banks. That’s possibly the only effective way of attracting capable talent. Often such offers from fintechs are more than 50% higher on cash compensation compared to private sector banks,” said Deepraditya Datta, founder, Venator Search Partners.
Based on the industry requirements, senior BFSI professionals are likely to guide the founders of fintechs, most likely by occupying advisory roles in the organisations or as members of the board. A collaboration of ambitions and
