Patron Interview: Melanie Seymour, Head of BlackRock Budapest
- October 18, 2018
Why is Hungary a good place to do business?
We made a decision to open an additional office in a new location to give us access to a fresh talent pool with which we could diversify our footprint and utilise the location for future innovation and growth.
We selected Hungary primarily for the diverse talent pool that has deep technology and financial education and experience combined with a challenging mindset that helps drive innovation. The central European location is also an advantage for multi nationals both in terms of proximity to the rest of Europe as well as overlap with Global timezones.
HIPA become our trusted partner during the selection phase and has been a key supporter for us as we have grown within Hungary.
What would you like to see change to improve the business climate here?
We believe that the government and business relations are productive and there are strong communication channels in place. The key change required to improve the business climate is related to the depth and breadth of the talent pool and how this can be increased and diversified.
In order to keep a competitive advantage it is important to see a systematic upgrade in the cooperation of higher education centres and the business entities. This would seek to ensure that more practical skills were developed by students that better equipped them for the fast pace of change in the business environment. Aligned to this it would be key that more international professors are employed at the education centres.
It is also important to look at ways to make Hungary the most attractive place to live and work in the region to help retain those talented students, bring Hungarians home and attract specific experts from outside of Hungary to move here to work.
What do you most value about being an AmCham Patron?
As patron members we value the opportunities we have to shape the agenda and input into influential business forums.
We also benefit greatly from the networking opportunities and the business connections we have been able to forge as part of our membership.
BlackRock is a global investment firm, trusted to manage more assets than any other. Our clients are companies, governments, foundations, and millions of individuals saving for retirement, their children’s educations, and a better life. We are passionate about providing products and services that can help them build a strong financial future. Our employees from around the globe are students of the market and students of technology, respectfully anti-bureaucratic, and innovative at the core. As of June 2018, BlackRock managed $6.3 trillion of assets and had approximately 14,000 employees in more than 75 offices with a major presence in global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa.
This interview appeared in the October 2018 issue of Journal, AmCham's official magazine. To access all issues of Journal, please click here.