New investment sees City recruiter Astbury Marsden plan for growth
23 October 2013
Following “substantial” investment in the business in April, recruitment firm Astbury Marsden is looking to ramp up operations in both its traditional City markets and newer energy disciplines.
Wed, 21 Oct 2013Following “substantial” investment in the business in April, recruitment firm Astbury Marsden is looking to ramp up operations in both its traditional City markets and newer energy disciplines.
Mark Cameron, the chief operating officer of the company, tells recruiter.co.uk that new majority shareholder Havisham Group “is keen to see the company grow”.
Havisham chief executive officer David Brownlow is also now Astbury Marsden’s chairman, with Tim Moynihan stepping into the position of non-executive director after nearly six years as chair.
“In Singapore and London we are looking to introduce new business lines, as well as take further marketshare in financial services and banking,” Cameron tells recruiter.co.uk. “It’s really growing out stuff that we already do, but more of it.”
This includes introducing the oil & gas division to its Singapore office. “Financial services is where we originated, that’s where we still want to be,” he adds, although acknowledges that the London financial services market is “probably the bigger gamble for the business”.
Cameron continues: “The non-investment banking side of financial services is where we’re seeing much of our growth, but technology within the investment banks is still standing up pretty strong.” Non-investment banking areas the firm is growing includes insurance, exchanges and clearing houses, and asset management.
The firm has taken on 10 new staff in recent weeks, and currently has nearly 75 employees. Cameron says that in 2007 staff numbers reached the mid-80s, adding: “So we’d be looking to go back to that by the end of the year.”
Mark Cameron, the chief operating officer of the company, tells recruiter.co.uk that new majority shareholder Havisham Group “is keen to see the company grow”.
Havisham chief executive officer David Brownlow is also now Astbury Marsden’s chairman, with Tim Moynihan stepping into the position of non-executive director after nearly six years as chair.
“In Singapore and London we are looking to introduce new business lines, as well as take further marketshare in financial services and banking,” Cameron tells recruiter.co.uk. “It’s really growing out stuff that we already do, but more of it.”
This includes introducing the oil & gas division to its Singapore office. “Financial services is where we originated, that’s where we still want to be,” he adds, although acknowledges that the London financial services market is “probably the bigger gamble for the business”.
Cameron continues: “The non-investment banking side of financial services is where we’re seeing much of our growth, but technology within the investment banks is still standing up pretty strong.” Non-investment banking areas the firm is growing includes insurance, exchanges and clearing houses, and asset management.
The firm has taken on 10 new staff in recent weeks, and currently has nearly 75 employees. Cameron says that in 2007 staff numbers reached the mid-80s, adding: “So we’d be looking to go back to that by the end of the year.”
- The company was ranked 94th in the 2012 Recruiter HOT 100, ranking the UK recruitment firms with the greatest gross profit per employee. The 2013 HOT 100 is sponsored by Flo Software Solutions and supported by RBS.
