RUSSELL BEDFORD SUSTAINS ANNUAL GROWTH PATH WITH 17% INCREASE

February 2022

February 2022

Russell Bedford International has released its annual Global Performance Report, revealing another incredible year which saw the network increase its global revenues by a remarkable 17%, up 4% from the previous year.

The annual review is an important part of the network’s monitoring, where it offers transparency to its members on the network’s targets, the most important areas for development and those that require additional resource. The report additionally shows an impressive and consistent upward trajectory in recent periods, with the network having grown by 68% over the past five years.

The review process ensures that the network not only continues to expand, but guarantees that key network targets are achieved; enabling successes to be aligned with such objectives.

Culminating in the publication of a Global Performance Report, the network can proudly display significant advancements in the past 12 months, which include:

•   17% increase in global revenues (adding an extra $100m, now approaching $700m in total)
• 4% increase in global network coverage (with representation now in 106 countries)
   21% revenue increase among European member firms
•  14% increase in North American revenues (a particularly targeted region for development) 
• Increases in Asia Pacific and the Middle East of 12% and 13%, respectively
•  28% increase in visitors to Russell Bedford’s global website
•  17% increase in LinkedIn followers
• 20% increase in watch time on YouTube

All of this was achieved in a year where the network completed a Strategic Review, revealing new vision and mission statements to members at the year’s Annual General Meeting.

The strategic positioning paper looked at how the network equips and empowers its people so that they, and their clients, go further to a better future. It examined responsibilities, commitments and upcoming priorities, which included objectives to not only continue to grow the network but to pursue diversification, as well as focusing on contemporary and enduring issues, having engaged in a number of activities around corporate social responsibility throughout 2021.

Speaking in respect of the report’s findings Russell Bedford’s chair, Bruce Saward, said: "At the end of another tough and challenging year it is encouraging for us to see the substantial progress that has been achieved during 2021. I am, once again, grateful of the fantastic contributions from central office and members; contributions that cannot simply be measured in numbers and displayed in graphs. The way in which everyone has supported their colleagues, teams and clients is outstanding. Congratulations.”

Russell Bedford CEO, Stephen Hamlet, added: "Looking back on such a successful year allows Russell Bedford to look forward, with even greater positivity and optimism, to even further achievements and, as the world starts to open up once again, we welcome the many more opportunities of 2022.”

For a full overview of Russell Bedford’s performance in 2021, take a look at the GLOBAL PERFORMANCE REPORT.