Exhibit 21

List of Subsidiaries of CTPartners Executive Search Inc.

1. CTPartners U.K. Ltd. (London, U.K.)

2. CTPartners SAS (Paris, France)

3. CTPartners Executive Search LLC Wilmington, Geneva Branch (Geneva, Switzerland)

4. CTPartners HK Limited (Hong Kong)

5. CTPartners PTE. Ltd. (Singapore)

6. CTPartners Commercial Consulting (Shanghai) Co., Ltd. (Shanghai, China)