N+1 Brewin, new corporate advisory & brokerage firm formed following the takeover of the Brewin Corporate Advisory & Broking division by N+1, it would add up to 30 people over the next few years to expand its reach.

Chief Executive Jamie Cumming said the firm’s 55-strong workforce would be expanded as it targets new areas.

Cumming said the company had plans to enhance its presence in the diverse sectors such as Information technology and oil & gas.

He added that they would gain a bigger footprint in London, and expand Edinburgh quicker than Glasgow.

Speaking on the topic, Cumming said, "N+1 has indicated they would like to go a bit faster and add up to 30 staff over the next three years. Clearly they would like to have a bigger footprint in London. I think we will expand Edinburgh quicker than Glasgow but we will retain both."

The new business, which established its offices in London, Leeds, Edinburgh, Glasgow and Newcastle, started trading yesterday following an acquisition by management at Brewin Dolphin, with backing from N+1.

N+1 Brewin is now 65 per cent owned by N+1, 21 per cent by the management and 14 per cent by Brewin Dolphin.