Custody and investment platform Praemium is opening a dedicated hub on Edinburgh’s George Street and is on a recruitment drive to fill it with local talent.
UK and international managing director Mark Sanderson said that having a physical presence in the capital provides access to “an enviable pool of talent in service excellence and next generation fintech”.
This is key to the Australian-founded firm’s plans to grow UK headcount in client-facing functions and development over the next two to three years.
“We’re a digital-first business, but we still need physical spaces for collaborative working,” he added.
The premises on George Street have been fitted out for agile working and can accommodate up to 25 members of staff.
Praemium is already recruiting for roles in IT, investment operations, administration and adviser support.
Sanderson noted that some of these positions could be filled by those potentially losing similar jobs at Edinburgh-based advisory platform Nucleus as part of its sale to rival James Hay.
“Nucleus is a great business, we have always admired their culture and the way they’ve built a team of talented people there, so it’s especially sad to see the news today about potential redundancies following the deal with James Hay.
“We have just opened an office on George Street, and we’re going to be filling it with the most talented sales support, platform support and dev people Edinburgh has to offer – and if that means we can give a home to some awesome Nucleus people who want to continue to make a genuine difference in the platform space and are facing uncertainty through no fault of their own, then great.”
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