The Scotsman

AAB’S capital push to create 100 posts

● Edinburgh office set to generate 20% of group revenues within three years

- By SCOTT REID By KALYEENA MAKORTOFF

and our clients with our entreprene­urial culture and growing client base in the technology sector.” Cowan added “The new Edinburgh team are massively enthusiast­ic about being at the heart of the next stage of the firm’s developmen­t. We look forward to capitalisi­ng on the numerous opportunit­ies which we shall be actively pursuing. “The growth we have achieved in the last six months has been outstandin­g and we are looking forward to continuing this pattern as we further develop and strengthen our team and service offering.

“We very much look forward to welcoming clients and contacts to our new offices over the coming weeks and months.”

In April, AAB said it was targeting £5m in consulting revenues within the next three years after rolling out a new division.

The firm’s existing consulting arm will transfer to a dedicated business – Anderson Anderson & Brown Consulting Limited – in order to provide a platform for “rapid growth” following a hike in demand for its services.

Heading up the new AAB Consulting division as its chief executive is Bill Kane, who joined the firm as a director last year. WPP faced embarrassm­ent at a bruising annual meeting yesterday that saw nearly a third of shareholde­rs reject a bumper payout for ex-chief Sir Martin Sorrell, while top bosses faced a flood of questions surroundin­g his controvers­ial departure.

A tally of proxy votes before the meeting showed 29.5 per cent were cast against the company’s remunerati­on report, which includes a £20 million package for the outgoing boss.

Around 16 per cent of investors rejected the reelection of chairman Roberto Quarta, who was targeted for failing to adequately prepare for Sorrell’s replacemen­t and for over-committing with other roles.

Sorrell left WPP in April after more than 30 years following allegation­s of personal misconduct, which he denies. WPP carried out an inquiry into allegation­s that he misused company funds, but details of the investigat­ion were never disclosed.

He will take nearly £20m in payouts over the next five years as part of an exit deal.

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