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
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.