Gravitas Recruitment Group acquires Atlas Global Search
Gravitas Recruitment Group has acquired Atlas Global Search in Hong Kong.
Atlas Global Search specialises in banking technology and the financial market.
This strategic merger will give Gravitas' Asia operations, who currently provide 100% permanent services to the Asia insurance market, immediate capability to provide contract services and niche technology capabilities across the financial services sector.
It will also provide market synergies with the UK technology division, supporting the group’s global strategy in establishing specialist technology teams in Asia. This will enable them to expand its client services across borders and will support continued growth into both banking and insurance markets at a time where technology and digital transformation is at the centre of sector evolvements.
The current Atlas team of 10 will be integrated into the flagship Hong Kong Offices located at Taikoo Place, Quarry Bay, which Gravitas designed and refurbished in last quarter of 2016. This will create a large boost in headcount at a time when the recruitment industry is experienced ongoing talent shortages.
It will also strengthen the leadership team, with Atlas co-founder, Peter Barker, joining Gravitas as a regional sales director and Rhythy Yeung, a junior partner at Atlas, joining Gravitas as a business manager. Fellow Atlas co-founder, Katie Eden, will join Gravitas in a part-time capacity supporting the integration and will be responsible for sales training and people development. Such a move will immediately substantiate Gravitas’ capabilities in L&D and further support their aggressive growth model within the region.
Gravitas’ Asian managing director and group co-founder, Daniel Wallis, commented, "I am extremely excited about welcoming Atlas into the Gravitas Brand. We've been looking for a number of years to grow a technology business to not only create synergies with the UK but to support further scale into our business, strengthen our leadership team and improve our ability to meet evolving needs in a new digital age.
“Finding the right people to do this has been incredibly difficult and it was absolutely essential that any investment came with the greatest chances of long term success. Sustainable growth in competitive markets is extremely difficult and requires the right individuals who not only offer technical know-how and track record but alignment in cultural outlook and recruitment philosophy.
“As such these individuals are far and few between so when the opportunity to discuss as strategic acquisition of ‘Atlas Global Search’ arose it was a simple decision.
“With previous and extensive working relationships with all of their founders, we knew a strong management team would be created through shared recruitment ideologies, practices in addition to mutual trust and respect. Furthermore their success over the last 4 years within banking technology across both a contract and permanent model has been exceptional and completely aligns to our global strategic offering. As such this acquisition would immediately enhance our group’s market positioning in a variety of ways.
“On behalf of the group, I am delighted to welcome their team to our business and am extremely confident that this move will offer further opportunities to all associated with Gravitas.”
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