Hat Pin has bought international search executive search specialist Alexander Mann Financial markets for £7m.

It will rebrand the business Akamai Financial Markets. The deal gives it access to markets in Europe and Asia.

Hat Pin, which owns Kendall Tarrant and Saxton Bampfylde Hever, reported a pre-tax profit of £560,000 for the first half of the year, up from £335,000 a year ago. Turnover rose to £6.2m, from £3.5m.