Currie & Brown chief executive Euan McEwan said the firm was intent on future growth, despite announcing a restructure of the business that will lead to 11 job losses.

McEwan said the new structure, which splits the management board into an operation board and a marketing board focusing on key sectors such as PPP/PFI, financial and industrial, was the 鈥渘ext step鈥� in his plans for the firm. 鈥淚 do not get carried away. I am encouraged about where the company is moving towards,鈥� he said.

McEwan said there was plenty of scope in the firm focusing on key markets. 鈥淭ake financial. There鈥檚 a lot of work out there for people buying assets or doing due diligence.鈥�

The changes will lead to the closure of the firm鈥檚 Inverness office and job losses in Aberdeen and London. McEwan added: 鈥淲hile I regret that a small number of staff will be leaving us, our continued investment in targeted growth areas with increased fee potential will secure the long-term future for the majority of our people鈥�.

The firm has also lost M&E specialist Gordon Tunnicliffe to rival Davis Langdon. He was with the firm for five years as divisional director. Tunnicliffe has worked for Davis Langdon before. From 1969 to 1990 he worked for the firm in Manchester, Bahrain and Hong Kong. He quit to join Bucknall Austin.

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