Recruiter Launches Low-Cost City Recruitment Firm

Renovo Logo - One of the co-founders of London based financial services recruitment firm Morgan McKinley has launched a new executive recruitment company that slashes the traditional 25- 30% charge rate associated with specialist city based recruiters.

David Twiddle, who built up Morgan McKinley to a turnover of £30 million with 150 staff and subsequently sold it in 2004 to 3i and Imprint Plc, has launched ‘Renovofinancial’ as a dedicated division of his parent company Renovo Employment Group. Serving clients with renowned financial markets recruitment expertise, he has promised an all time low fee of 10% of basic salary on all hires.

He comments, “We felt that the timing was right to bring a fresh product to the City recruitment market. Many institutions are now caught between the need to hire to restart growth but still have a keen eye on the cost of doing so.

“Renovofinancial sits perfectly within Renovo’s business model which delivers low cost, distance based employment services across the entire employment lifecycle, including recruitment, staff retention and outplacement. Working a low cost base and harnessing the power of the most innovative technology with the expertise of sector professionals enables us to deliver leading solutions at an amazingly low price.”

Operating from headquarters in York, David and his team will offer the service to financial client’s across the UK, with a particular focus on the small-mid cap market. Renovofinancial’s core client markets include Investment Management, Banking, Private Equity and VC, Hedge Funds, Real Estate, Corporate Finance and Private Wealth. It works across a broad range of functions across front office, risk, compliance, operations and finance.

Director, Chris Parker is leading the team. He has over 10 years experience recruiting across the Financial Markets having worked extensively within Banking, Investment Management, Hedge Funds, Private Equity, Real Estate, Corporate Finance and Private Wealth.

He comments, “We are a small team of experts with city recruitment pedigree and proven success in accessing hard to find candidates. However we don’t have expensive London premises and salaries to contend with and as such we can keep the operating cost of our business low and pass this cost saving on to our clients. We can do this by using cutting edge sourcing techniques across various social media channels, data mining as well as the more traditional sources through our extensive database, web advertising and networks.”

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