In a statement, the firm says founder Betsy Williamson will relinquish her managing director position and move into a CEO role directing overall vision and driving the business forward.

Co-founder Louise Powrie takes on a joint MD role with a focus on permanent recruitment, while Mike Stirton becomes joint MD responsible for the interim, temporary and contract business streams.

Edinburgh-based Core-Asset was founded in 2005 and recruits talent within Scotland’s asset management sector and has expanded into the wider financial services market to include accountancy, legal and fintech specialisms.

With 22 years’ experience in recruitment, 17 with Core-Asset, Powrie has developed the company’s specialities in asset management, private wealth management, accounting and finance, fintech, platforms and pension sectors across the UK.

An expert in employment legislation, Stirton has 20 years’ experience in temporary, interim and contract recruitment services, with a focus on investment management, financial services and accounting and finance sectors in Scotland.

Other staff who have contributed to Core-Asset’s success have been rewarded with promotions, including Rachael O’Neill who becomes director in investment operations and accounting & finance; and in interim, temporary & contract, Ian Greep moves up to business manager.

• Comment below on this story. Or let us know what you think by emailing us at [email protected] or tweet us to tell us your thoughts or share this story with a friend.