Investment in Local Talent and Innovation
Abacus Group, a provider of managed services to alternative investment firms, has announced the opening of a new office in central Edinburgh. This strategic move aims to enhance the company’s research and development and customer support capabilities by tapping into the city’s rich talent pool. The expansion is a testament to the firm’s impressive revenue growth, with a 15% increase last year following a 21% rise in 2022.
New Jobs on the Horizon
With the Edinburgh office already operational and staffed by a number of employees, Abacus Group is poised to further boost the local job market. The company expects to fill additional roles by early 2024, anticipating a 19% growth in demand. The recruitment drive is set to increase the headcount by 10-20% this year, offering a plethora of opportunities for security analysts, cloud architects, systems engineers, and customer service professionals.
Edinburgh: A Hub for Emerging Talent
Edinburgh’s reputation as a center for research, innovation, and a skilled workforce, particularly in technology and finance, played a pivotal role in Abacus’s decision to establish a presence there. The company is keen on fostering emerging talent and plans to engage with local universities to tap into graduate recruitment schemes, further enriching the sector with fresh expertise.
Comments from the Managing Director
Tom Cole, Managing Director for UK & Europe at Abacus Group, highlighted the wealth of cybersecurity expertise in Edinburgh and the steady flow of talent emerging from Scotland’s educational institutions. “The new office directly enables us to capture a share of those skills,” Cole remarked, emphasizing the firm’s commitment to sustainable growth and client satisfaction.
Strategic Growth and Client Service
The Edinburgh office is not just a new location, but a strategic extension of the company’s London operations. With a team of over 40 in the English capital, Abacus is strengthening its UK presence and is set to provide high-quality services to clients throughout the UK and the EU. The new facility will start with 15 employees, with plans to scale up to larger premises within the next two years.
Ready to Serve Scotland’s Regulated Financial Firms
Abacus Group’s new Edinburgh base is more than a regional office; it’s a gateway to serving regulated financial firms across Scotland. Cole expressed the company’s readiness to bring its expertise to the Scottish market, ensuring a consistent level of service quality that has fueled its growth in the UK.
