Edinburgh-based financial sector recruitment firm Core-Asset Consulting has announced the launch of a new Investment Operations team aimed specifically at supporting third party administrators (TPAs), global custodians and platform providers based in Scotland.

Previously, permanent recruitment for these clients was managed between Core-Asset Consulting’s Asset Management and Financial Services divisions.

The sourcing of high-calibre, short-term hires will continue to be dealt with by Core-Asset Solutions, the company’s interim, temporary and contract division.

Emma Cormack, senior consultant within Core-Asset’s wider Financial Services division, will be responsible for the recruitment of mid-level roles between £27,000 and £55,000 per annum.

Emma has nearly 15 years’ experience of both permanent and temporary recruitment across investment operations, asset management and wider financial services roles.

She will be assisted by Calum Nicol, who joined the company as an Associate Consultant last month.

He will work alongside Emma on entry-level roles up to £27,000 per annum.

Director of financial services Louise Powrie will continue to recruit for senior appointments above £55,000 per annum and will have overall responsibility for managing the team.

The Investment Operations team will focus on roles such as Corporate Actions, Trading & Settlements, Reconciliations, Dealing, Business Analysis, Project Management, IT, etc.

It will also support, when required, Core-Asset Consulting’s Asset Management division, where Middle and Back Office assignments require investment operations expertise.

Managing director Betsy Williamson said: “Scotland continues to be a location of choice for investment operations and asset servicing. Many third party administrators and global custodians have created centres of excellence here, particularly in terms of specialist, experienced staff providing oversight functions for international operations. We believe Scotland will continue to see growth in this important area of the financial services industry.

“In response, we have taken a strategic decision to provide a more dedicated service to TPAs, custodians and platform providers. This is in recognition of the unique recruitment demands that these organisations have.

“Currently, the investment operations market is well-served by their own in-house recruitment teams. But they need assistance when recruiting for specialist, niche roles which require expertise and experience more common among passive candidate pools. The nature of our recruitment model means we are well placed to help.”