Profusion Group has acquired executive search and recruitment firm Gilbert and Robinson as part of its plans to expand into the Asian recruitment market.
Profusion said Gilbert and Robinson founder and director Mark Robinson would join Profusion to lead its new activities in his specialist fields of equity research and equity sales, mergers and acquisitions, private equity and equity capital markets.
Gilbert and Robinson, which was established more than 10 years ago, operates primarily from Sydney and Hong Kong.
Profusion chief executive Rod Jones said with the acquisition of Gilbert and Robinson, Profusion now had new capabilities in equities that would boost its investment banking offering.
Jones said the acquisition of Gilbert and Robinson was the first step in Profusion's Asian expansion plans and it would open an office in Singapore in January 2011.
The Singapore office will serve clients across banking and financial services and be led by long-time Profusion team member and investment banking and financial markets recruiter Nick Hazlett.
Jones said Profusion's push into Asia was a result of growing demand from existing clients who were themselves expanding into the region.
