Global executive search firm, HB International, has acquired specialist recruiter Ingram Mayet.

The newly formed joint venture will be branded HB Ingram Mayet.

Over seven years Ingram Mayet has focused on delivering quality candidates to the middle office in the financial services sector, and more recently for developing a front office sales and trading recruitment team.

Mo Mayet, founder and chairman of Ingram Mayet, says: “This is a fantastic opportunity, allowing us to gain a global presence at an incredible rate. It will complement our existing client base and candidate pool to add a truly global end-to-end recruitment offering.”

Mayet will take on the role of managing director of HB Ingram Mayet.

Stephen Heal, chief executive of HB International, adds: “This deal comes at a great time for the HB International group. We are proactively purchasing new business lines, investing in start ups, and continuing to press ahead with aggressive global expansion plans.”

James Caan (right), whose private equity firm, Hamilton Bradshaw, is backing the deal, says: “There is great synergy between the two businesses and an excellent cultural fit. With the collective vision of the two partners, we now have every opportunity to achieve positive growth.”