Leeds-based professional and financial services group Progeny has acquired Glasgow-headquartered rival Moray Group.
As part of the acquisition, managing director Rob Aberdein will take up the new role of chief commercial officer with Progeny.
In addition, Progeny has established a commercial alliance with Moray Legal, designed to allow the two businesses to work more closely together in anticipation of alternative business structure (ABS) licences being granted in the Scottish legal profession in the near future.