Laurus has announced it is hiring an additional two people to work as part of its transaction advisor role, as it looks to grow its business across the world.

The move comes after Laurus confirmed its chief executive, Patrick Gannon, had stepped down from the role and that its board had appointed former Citigroup and RBS chairman John Cryan as its new chief executive. 

In an email to RTE, Laurus said it has been recruiting “transaction advisors for a number of roles, including senior positions within the organisation”.

Laurus said in its announcement that Cryan will take over from its existing chief executive of operations, Richard McGlashan, who stepped down in November.

McGlashun will now head up the group’s financial services business.

In an interview with the Irish Times, Cryan said the appointment was made to “address the challenge of our current business environment”.

“The Laurus team has been looking for a strong new person to be a part of our strategy and I am excited to join their team as we seek to expand our global business, both in terms of revenue and our global footprint,” Cryan added.

Cryan’s appointment comes as the bank is also expanding its business in Asia.

Laurus, which was founded in 1997, operates in over 200 countries, including the Philippines, Indonesia, Malaysia, Singapore, Vietnam, Taiwan and China.

Larger transactions have been one of Laurus’ strengths.

It has also recently launched a blockchain platform to help customers better manage their money.