100 jobs planned
Barclays’ £4m funding package to aid AAB growth
Plans (l-r): Ricky Cowan, AAB business development director; Graeme Allan, managing partner; Lyn Calder, corporate finance partner – head of deals, central belt; Fraser Porter, CEO of AAB Wealth
Anderson Anderson & Brown (AAB), the Aberdeen-based chartered accountants and business advisory firm, has secured a £4 million funding package from Barclays as it seeks to expand its national and international footprint.
AAB will use the funds to grow its Aberdeen, Edinburgh and London offices, where it plans to create over 100 jobs over the next three years. It will also continue to expand into key markets across the globe.
The company aims to double group revenue to £40m by capitalising on opportunities to expand its client base in fast-growing areas such as global payroll & mobility alongside growth aspirations in the upstream oil & gas, food and drink, technology and public sectors.
Graeme Allan, managing partner at AAB, said: “Barclays’ significant experience in the professional service sector will play a vital role in helping us achieve our ambitious growth plans.
“We are confident that the funding support solutions they are providing will allow AAB to continue to expand across Scotland and internationally.”
The deal team was led by Angela Yule, relationship director, Barclays Corporate Banking, Scotland.
