Government showcases North as financial services hotspot

The Northern Powerhouse Minister, James Wharton challenged global financial services companies to tap in to the wealth of talent the region has to offer.Government Opportunities

He was speaking after attending an event in Leeds promoted by UK Trade & Investment, which has showcased the Yorkshire region as a Financial Centre of Excellence. The minister will attend a similar event in Manchester later this month.

Despite London’s square mile being undisputed as Europe’s financial capital, Mr Wharton highlighted that most people employed by the sector in this country were based outside of the Capital.

The growing financial services industry in the Northern Powerhouse boasts more than 400,000 jobs.

In 2012 alone, such companies across the Leeds and Sheffield city regions contributed £14.06 billion to the UK economy.

Several key players in the sector are choosing to ‘near-shore’ their services, moving jobs both of out London and back to the UK from overseas. These include:

  • Bank of Merrill Lynch employs over 700 people at its office in Chester, its largest site outside of London in the whole of Europe, the Middle East and Africa
  • PwC has expanded in Leeds, and now employs over 700 people in the city
  • International specialist bank and asset manager Investec announced November 2015 that they will launch an investment banking operation in the North of England
  • Barclays announced just last month that it would be expanding its operations in Liverpool, creating 300 new jobs at its Liverpool call centre

Northern Powerhouse Minister James Wharton said:

“The financial services sector in the UK goes far beyond London and has a powerful presence in the North of England as well.

Knowing the talent the Northern Powerhouse has to offer, it is no surprise the world’s financial heavyweights want to play a part and recognise what its great cities and skilled workforces have to offer.

We will continue to work with local leaders and the business community to make the region even more of a magnet to the financial services sector.”

Share This Post

More To Explore

Blogs

Spotlight on…Fraser Haddow

This month’s spotlight turns to our IT operations and development department with Fraser Haddow.  In what capacity did you join BiP? What role did you start in and what role do you have now? I joined BiP in the role of Scrum Master, but have recently transitioned to Platform Success Manager. Whattakes up the most amount of your time in your day-to-day?  Azure DevOps! It’s the platform that allows us to track progress on our product development and keep track of any issues, so it’s use forms a large part of the role. What do you like most about your job?  I like seeing a product improvement travel through all the stages from idea to implementation and then deployment, overseeing the journey to completion provides a great sense of satisfaction. What do you like most about working at BiP?  I like interacting with lots of people that span multiple departments and roles, this keeps things interesting, and it always helps to see things from other people’s perspectives. What does a great day at work look like? It always starts with coffee – then a day with a few meetings (not too little or too many!) and some time to get some work done. Ideally, right now a good day also involves bugs being closed and no new ones being opened. Do you have any unusual hobbies? I’m a big movie nerd and am very into low budget/indie horror which is maybe unusual! Music wise, I also am very into death metal and New York hardcore which is a little unusual. Been anywhere strange? (country/place/bar/tourist attraction?!) The most fascinating place I’ve been is a city called Varanasi in India – would recommend to anyone, it’s super interesting. Blow your own! … what do you excel at? Work or leisure I like to think I’m quite good at guitar and drums. Work wise – I think I’m pretty good at being organised, but my colleagues can tell you if that’s true or not! Quick fire:  Coffee or tea – Coffee Book or film – Film Cat or dog – Dog (I have a Spanish greyhound) Hot or cold – Hot Salty or sweet – Salty Tattooed or not – Not Night out or night in – Night in  Email or meeting – Depends on how many other meetings are on! Teams calls: video call or audio? – Video Eating: al-desko, break room or break out altogether – Usually al-desko Mountain or beach – Beach

Blogs

Spotlight on…David Stewart

This month’s spotlight falls on our BI Sales Division and David Stewart. A relatively new member of the team he has been at the company for just over a year, joining in May 2022 as a Business Development Manager for Tracker. Thanks for joining me, David. How are you enjoying life at BiP? I really like it, even though it’s taken a while to get to grips with B2B. I came from B2C, so I‘d never done business sales before, but the rewards are starting to come through. I managed to do 175% of my target last month and I’m on track for target this month – if everything goes to plan! What did you do before coming to BiP? I had a seven-year career at EE, starting as a part time sales advisor through to managing a couple of shops and being a sales manager for them. And what would you like to be in the future is there a dream job or a dream position? Aspirational goals? I’d love to get to director level at some point within a company. So be that Sales Director, Operations Director, that’s my goal What takes up the most of your day-to-day? Most of my day is genuine client interaction, customer interaction and reaching out to new prospects. Understanding what their challenges and struggles are to work with the public sector. And what sort of challenges do your customers have? what sort of challenges can you help solve for them? The challenges I’m hearing are that they don’t understand how to build the relationships with the public sector buyer before the tenders are published. They need to get in there as early as possible, to develop these relationships and we really are making a difference to their business because they’re not just running a tender, we’re helping them build a relationship for future business. It’s actually good to know you’re making a difference to somebody when you’re selling something. Do you prefer to be Working from Home or in the office? I like being in the office. I like having an atmosphere around me and the support network, your manager and your teammates. I’ve always thrived off a good atmosphere, so I prefer to be in the office than work from home. Are there any sort of changes or initiatives you’d like to implement into BiP? I ran a couple of charitable events at EE before, Charity 11 aside football matches and things like that. There’s a lot of buildings around, there’s the BBC, The Village hotel, big corporations, big businesses that I don’t see any reason why they wouldn’t want to get involved in charity stuff like this. It’d be great to implement something like that. What the biggest challenges you have in your role? Managing customer timelines and managing my own pipeline. That’s the hardest part of this job. Not knowing when something’s going to come in and when something’s pulled out from under you. My colleagues and my manager Chris help me regularly with this and are extremely supportive. What do you like most about your job? The interaction with people, I’m a big people person. I really enjoy speaking to people in different industries, different businesses and just learning more about what they’re doing for two reasons. It builds up my knowledge of the market in general and lets me understand what businesses are really struggling with. Speaking to people and making a difference is the thing that makes a big difference to me. Speaking to someone about the challenges they’re having, and if I can genuinely fix it for them, that’s what I like most. What do you like most about working at BiP? The culture is very good so far and very much gives back as well and looks after its employees. The support and the culture in the business to make sure everyone succeeds is incredible. What does a great day at work look like? A great day looks like this: seeing my name up in that sales board a few times on one day. As soon as a deal comes in, but also coming in to a reasonably filled diary. Do you have any unusual hobbies? I’m a very keen badminton player. I’ve been playing for years competitively. I had my own deejaying business for a couple of years as well. Quick fire. Coffee or tea – Coffee Book or film – film Cat or Dog – Dog, I have a dog. Hot or cold – I prefer being cold Salty or sweet – Sweet Tattooed or not – tattooed Night out or night in – Night out. E-mail or meeting – Meeting Teams call video or audio – Video, always video. Lunchtime: Al-desko, break room or break out altogether – Break out altogether, I like sitting in the breakout zones. Mountain or beach – Beach

Do You Want To Boost Your Business?

drop us a line and keep in touch