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Italy – In Job Group buys Citifocus

11 January 2018

London-based recruitment specialist Citifocus has become the Financial Services arm of In Job Group, a global recruitment firm with offices in Europe, US and Asia.

Citifocus’ areas of expertise range across a wide spectrum of the financial service sectors to include banking and fund management, complementing In Job’s existing global businesses.

“The moment has now arrived to expand our horizons internationally and with the backing and support of In Job, we are looking forward to continuing to build our brand and develop the business across the globe,” Christine Looker, founder and Managing Director of Citifocus said.

Carlo De Paoli, Founder and Chairman of In Job commented: “We are so pleased to have made this acquisition as it aligns with our strategy to develop specific competencies in the Financial market. We are ready to invest in order to expand the presence of Citifocus in London, Milan, New York and Shanghai.”

In Job Group was founded in 2001 in Verona, Italy. Throughout 2017, it has continued to develop both in Italy and overseas, providing skilled professionals across various business sectors and particularly focusing on mid-market enterprises with an ambition to expand internationally. In Job operates in 3 continents, through 23 offices, with 3,000 employees and a turnover in excess of £50 million.

Optima Corporate Finance initiated the transaction and advised the Citifocus shareholders.

“We knew that In Job were keen to establish a presence in the London Financial market and Citifocus represents an ideal platform on which to build,” Optima’s Director Philip Ellis said.

No further details were announced.

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