Executive search firm Spencer Stuart has hired financial services recruiter Rick Lannamann away from Russell Reynolds, the company announced. Lannamann was formerly the managing director and co-head of the Russell Reynolds financial services business.

Lannamann was named a vice chairman and will help oversee Spencer Stuart's financial services practice, the company said. Lannamann joined Russell Reynolds in 1978.

The firm also hired Elizabeth Pierpont Engstrom, who has worked with Lannamann since she joined Russell Reynolds in 1992.

"I look forward to working closely with the entire financial services team at Spencer Stuart," Lannamann said. "Investment management is a field of growing challenges, especially during times of market volatility and it requires the strongest talent to achieve success."

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