The company said VFF is a “transformational” approach to traditional outsourcing, where a businesses’ financial information is taken out of their office but is still managed under one (virtual) roof.
Arlene Cumming has re-joined AAB as a senior manager in the VFF team. Cumming started her career at AAB before moving to industry where she worked with international and local businesses, predominantly in the energy sector.
Alex Wheelan has also joined the firm as a manager, specialising in IFRS and renewable energy.
Alina Burns, Mandy Ross and Keri Innes have all been hired as assistant managers, and Sarah Drummond is the team’s first graduate trainee.
These appointments follow what the company said is “a substantial increase in client demand for the VFF service”, with client numbers increasing by 50% in the past 12 months, andwith fee income increasing by 60% during the same period.
Lauren McIlroy, VFF director at AAB, said: “I am delighted to welcome so many new members to the VFF team. All of these appointments bring additional expertise and experience which will benefit our clients and further enhance our service delivery.
“The majority of our new, and existing, clients are businesses who are embracing virtual finance functions as an alternative to recruiting in-house finance teams. It is a very exciting time for our team, and we look forward to continuing to work with such progressive businesses across the globe.”