SC
Boutique firm looking to speed up hiring plans
19 August 2009
Boutique investment house Shore Capital, which has been expanding in Edinburgh since establishing an office there last year, has hinted at further hires after posting very positive first half results.
Revenue at the firm, which focuses on alternative investments and equity capital markets, were up over 28% year on year for the first half of 2009, and profit before tax swelled from £2.7m to £5.2m.
Shore Capital has been in a relatively bullish mood throughout the year and revealed in March that its Scottish branch made an "operations contribution to profit immediately".
Hoping to take advantage of the dire situation in London, Shore said then that it had "the best opportunity we have ever had" to attract capital markets talent from London to Edinburgh.
No senior hires have actually been announced since that declaration, but after a a good start to the year, expansion looks to be on the cards.
Howard Shore, executive chairman of Shore Capital Group, said: "We are accelerating the strategy of leveraging our platform by taking on high quality recruits. Furthermore, we hope to use our balance sheet prudently to take advantage of value opportunities as they arise."
