The deal, which sees all Core Consultants Group staff integrated into Alba Partners’ UK and Middle East operations, marks a significant growth phase for Alba Partners.

The acquisition caps a period of significant growth for the Scotland-headquartered management consultancy, which has also announced an expansion of its senior leadership team.

Experienced financial services consultant Graeme Devlin has been appointed associate director, head of wealth and asset management, and will be based in Edinburgh.

Meanwhile, existing Alba Partners staff Charles Churchill and Jeff Simmons have been appointed head of financial institutions and associate director, head of the advisory group, and risk management & compliance lead, respectively.

The new roles will strengthen Alba Partners’ already significant work in financial services and asset management.

Announcing the acquisition of Core Consultants Group, Alba Partners chief executive Richard Jacobs, said: “We are excited to welcome Core Consultants Group to the Alba Partners team.

“This acquisition represents a significant milestone in our growth strategy, and we believe that Core Consultants Group expertise will complement our existing offerings and create new opportunities for our customers.”

Commenting on the appointment of Graeme Devlin, Alba Partners chief executive Richard Jacobs, added: “Alba Partners is known for the quality of our team and Graeme Devlin will make a fantastic addition to our growing team.

“This appointment reflects our continued focus on supporting the financial services sector, as well as our commitment to growing our operations in Scotland.”

Core Consultants Group CEO, John Hall, added: “We are thrilled to join forces with Alba Partners and together, we will be able to leverage our combined strengths to drive innovation and deliver greater value to our clients.”