The Andersen Partnership acquires SearchBank in China
Based in Shanghai and managed by recruitment veteran Adrian Hawkins, SearchBank has offices in Shanghai, Hong Kong, Beijing and Chong Qing.
Commenting on the acquisition, The Andersen Partnership's CEO Brian Schroder commended the achievements of Search Bank over the past fifteen years but also highlighted the huge opportunities for the brand and staff in the future.
Tom Birch who previously managed Stirling Andersen in Perth has been promoted to manage the brand in China and will hire in excess of 40 Consultants over the coming months.
The recent deregulation of the Insurance market in China and the presence of many existing Clients has created very strong demand confirmed Schroder, who added that Stirling Andersen was now the largest global insurance specialist with 11 offices worldwide.
This is the second acquisition by The Andersen Partnership this year in Asia and Chairman Niall Hamill, confirmed that they were at advanced stages with several more acquisitions and that the group would open in Dublin and Kuala Lumpar in early 2015.