News

The world leading talent advisory company the Adecco Group and China’s leading HR solutions provider Beijing Foreign Enterprise Human Resources Service (FESCO) have signed the Confirmation of Execution of Joint Venture Agreement during the China Europe Talent Forum (CETF) in Beijing/Zurich on 19th October 2021, officially announcing the establishment of the joint venture (JV) company LHH FESCO.

The combined business founded with joint forces aims to support the cultivation of high-end talent in the Chinese market. The service scope of LHH FESCO will focus on providing career transition and talent development services including background checks, talent assessments and analytics, leadership development, coaching, upskilling and reskilling, legal consulting and career transition in China.

HR services in China have been developing rapidly to support the national strategic planning in the next five to ten years. Both parties have thoroughly prepared for months to understand the market and to integrate their product lines. LHH FESCO will continue to work on the full integration of joint businesses to present high level HR consulting services and products to the Chinese market.

As one of the Adecco Group’s business units under the “Future@Work” strategy, LHH, a leading HR management consulting brand, brings its 52 years of experience and expertise in coaching and career transition to the new company.

Alain Dehaze, Chief Executive Office of the Adecco Group, said: “It is a great honour for me to be able to officially announce the establishment of the joint venture (JV) company LHH FESCO. Since 2010 the Adecco Group has been closely collaborating with FESCO in our joint venture FESCO Adecco, one of the most successful Sino-Swiss JVs in China. This second joint venture is a further clear and tangible milestone, and I am convinced that it will certainly take our partnership to the next level, being beneficiary for both parties.”

Frank Wang, Chairman of FESCO, said: “Congratulations on the successful establishment of LHH FESCO in Beijing! This marks a new partnership between FESCO and the Adecco Group in the field of professional branding, building on the successful partnership between both parties over the past 10 years. We look forward to providing high quality service to Chinese clients, helping local high-level talents improve their professional skills and leadership with an international perspective. I am very confident this will write a new chapter of successful cooperation for both parties.”

For further information please contact:
The Adecco Group Press Office
 media@adeccogroup.comor +41 (0) 44 878 87 87