ConnectedGroup, an executive search and recruitment firm with operations in Hong Kong, Singapore and China, today announced that they have completed the acquisition of STP Search, a specialist IT Search firm based in Hong Kong.
This acquisition strengthens ConnectedGroup’s existing capabilities in the IT sector as it creates considerable synergy with their other specialist divisions: Financial Services, Strategy/Transformation, Legal, Supply Chain, Retail/Consumer, Life Sciences, Human Resources and Finance/Accounting.
STP Search Managing Director, Chris Yip has been leading STP, providing specialist IT search and recruitment services to the Financial Services, Vendor and Commercial sectors. He has been growing the business with support from the IRI Group, a shareholder in both firms. Having developed a successful boutique firm with a client base across the region, Chris now joins ConnectedGroup as the Director of the ConnectedGroup Information Technology Division.
“I am excited by this acquisition as it strengthens one of our strategic pillars for the continued development of ConnectedGroup. In addition, Chris joining ConnectedGroup, rounds out our Senior Leadership team across all of our current specialist sectors. We were keen for this to happen as it will accelerate our growth in this area, while we achieve our ambition of meeting client and candidate needs with the highest level of expertise” said Matt Gollop, Group Managing Director of Connected Group.
“This is a great development for STP as we are now in a position to immediately offer our clients services across Hong Kong, Singapore and China, by combining the current locations and delivery capabilities of ConnectedGroup with the expertise of the STP team. Having the regional platform, a wider range of service sectors for both clients and candidates, as well as being able to drive our business forward as at a faster pace, made this a very attractive opportunity” said Chris Yip, Managing Director of STP Search.
“While this was not planned when we helped establish STP or invested in ConnectedGroup, this is a great outcome. To see a business we helped build establish trusting relationships with another IRI invested firm and then see that eventuate in the two firms coming together like this, is a very rewarding experience” said Andrew Chung, Chairman of IRI Group, who confirmed that IRI brokered the deal on this acquisition.
For more information on ConnectedGroup, go to www.connectedgroup.com
For more information on STP, go to www.stpsearch.com
For more information on IRI Group, go to: www.irigroup.com
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