Pure Search Launches Financial Services Division, Completes Integration and Re-branding of Correlate Search UK, Acquired in April 2013
LONDON, Aug. 27, 2014 /PRNewswire/ — Pure Search, a leading global search firm, today announced the launch of Pure Search Financial Services. This newly created division is a merger of Correlate Search UK (acquired by Pure Search in April 2013) and the existing financial services sector teams at Pure.
Pure Search Financial Services will be led by the former Managing Directors of Correlate Search UK, Simon Head and Gavin Bonnet, and will work closely with Pure’s global offices in Asia (Hong Kong and Singapore), headed by Liam Richardson, and North America (New York) led by Barrie Sanderson.
The new Financial Services division has recently been strengthened by senior hires John Newstead from Redgrave Partners, Colleen Quilty from Quilty Group, and Adam Scarr from Hays. This now equips the new division to cover senior Sales, Trading & Structuring mandates across Equities, FX, Fixed Income & Commodities, alongside Pure Search’s existing strong practice areas in Compliance, Risk Management, Finance/Treasury, Legal and Tax.
"This is another exciting development for Pure Search, bringing together our existing global strength across Infrastructure with the Global Markets presence brought by our acquisition of Correlate. It gives us a strong strategic position in Financial Services across front and back office at a time when the markets are beginning to grow again. Our global senior management team of Simon, Gavin, Liam and Barrie are first class and we have every confidence they can dynamically grow our market share", said Chris Nelson, co-founder of Pure Search.
Simon Head commented, "this sends the market a strong signal of our intent to build a world class global financial institutions business. Combining the best of Correlate Search UK with the existing global financial services presence of Pure will enable us to offer a complete cross asset, multi-function search capability to our clients throughout Europe, Asia and the US, and we are very excited about the future."