Financial Dynamics set to lure equity partners

Financial Dynamics is embarking on a recruitment drive following its announcement earlier this year of an pounds 8 million management buyout from advertising agency GGT (PR Week, 16 Jan).

Financial Dynamics is embarking on a recruitment drive following

its announcement earlier this year of an pounds 8 million management

buyout from advertising agency GGT (PR Week, 16 Jan).



The City agency is looking to recruit at all levels with a particular

focus on attracting recruits at partner and director level. FD has an

undisclosed amount of equity at its disposal to use as a carrot to

attract senior candidates for jobs.



Nick Miles, chief executive of Financial Dynamics, said: ’We’re

currently involved in completing the buyout and there is equity

available for people who are good enough. We are looking to recruit at

director level, partner level and executive level.’ Miles added that

none of the existing management team is planning to leave FD following

the buyout announcement. Key clients include Allied Domecq, Ladbroke and

Railtrack.



Financial Dynamics was formed in 1986 by current chairman Tony Knox and

co-founder Justin Downes who left the agency in 1987 after selling to

the advertising agency Broad Street Group. Since then it has been

through several ownership structures before being taken back into

management ownership by Miles and his team. The agency now employs

around 60 staff. It was ranked seventh in PR Week’s Top 150 PR

Consultancies in 1997 with a 1996 fee income of pounds 8.6 million.



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