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HB International doubles profits despite recession

HB International doubles profits despite recession

HB International, backed by Private Equity group Hamilton Bradshaw have concluded their 2009 annual results. The company, established at the end of 2007, have doubled their profits.

James Caan, serial entrepreneur and star of dragons den Chairman stated, "HBI are one of the most aspirational organisations I have worked with - their results are truly astonishing and are a credit to the fact that they are the number one search firm within Private Banking and Transactional Banking. We are now keen to leverage from this platform and to use the profits to purchase other organisations and leading teams across the financial services sector."

The CEO Stephen Heal stated "2009 was a challenging year for the vast majority of our competitors, however, we have gone from strength to strength and bucked the economic trends with the recent hires of a transactional banking team and two new consultants to our leading Private Wealth Management unit. These have had a direct correlation to the doubling of profits and producing revenues in excess of 3 million. The future is looking equally promising, we will be aggressively expanding across all sectors and are looking to open up offices within Asia and the Middle east."
Tristan Ramus, Non-Executive Director added the following This is an incredibly exciting time for HB International having prospered in such a challenging economic climate, we are ideally placed to build upon that success in the future. With the appointment of experienced headhunter and Manager, Shane Bartholomew, as Sales Director, we are looking to attract new talent and expand into growth areas.

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