The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

Goldman Sachs to Open New Birmingham Office

Goldman Sachs to Open New Birmingham Office
13 April 2021
 

Goldman Sachs Group has announced that it intends to expand its footprint in the UK by opening a new office in Birmingham.

The investment banking firm hopes to open the new office as soon as Q3 of 2021.

Engineering will be the first division to build out in Birmingham with a mix of hiring and employee transfers. Goldman Sachs expects to have a headcount of several hundred across a number of divisions over time.

 

Birmingham Offers a Unique Advantage

 

Goldman Sachs' choice of office location has been put down to Birmingham's offering of "a strong and deep new talent pool" as well as a growing technology sector and longstanding leadership in STEM industries:

"We believe Birmingham offers a number of unique advantages and the city’s proximity to our London office will allow for easy travel between UK offices for our people to stay closely connected with other divisions and clients," says the official press statement.

Richard Gnodde, CEO for Goldman Sachs International, added: “Establishing a new office in Birmingham will diversify our UK footprint and give us access to a broad and deep talent pool in the local area. We see tremendous opportunity to enhance our UK presence and continue delivering for our global clients.”

 

Birmingham Boosted By Tech Sector

 

According to a recent report by law firm Irwin Mitchell, Birmingham continues to be boosted by its technology industry. The study points to the recently announced virtual reality hub which is to be opened by Birmingham City University following an investment of £3.4 million.

Companies such as HMRC, Cadbury, Jaguar and Gymshark all use the West Midlands as their base, and Birmingham is the UK’s most popular city for London leavers, ahead of Brighton, Bristol and Manchester.

Picture: a close-up photograph of the exterior of Birmingham's Bullring shopping centre

Article written by Ella Tansley | Published 13 April 2021

Share



Related Articles

Topland and Beltane Asset Management's Verdant Scheme Begins

Topland and development partner Beltane Asset Management have started construction of Verdant, a comprehensive extension and redevelopment of 150 Aldersgate Street and...

 Read Full Article
OneThreeSix Let to London Fintech Company

Smart, the fintech company, has signed a lease for OneThreeSix as its six-floor global HQ. Native Land has let 136 George Street, which will be to be...

 Read Full Article
Goldman Sachs Bankers Required to Declare Vaccination Status

Bankers at Goldman Sachs' US offices will be required to disclose whether they have had a COVID-19 vaccination, according to reports. The staff memo seen by...

 Read Full Article
1.28m Sq Ft Take-up of Central London Offices in Q1

The latest data from global advisory firm Cushman & Wakefield shows Central London office take-up totalled 1.28 million square feet (MSF) in Q1 2021, a 117 per...

 Read Full Article
New London Workspaces Open in Midtown & Spitalfields

Flexible workspace provider x+why has announced the launch of two new London workspaces: The Fulwood in Midtown and Huguenot Place in Spitalfields. The...

 Read Full Article
Birmingham - The New Place to Invest?

The West Midlands has been described as “emerging from the shadow of London”, offering a hub for technology, finance and STEM...

 Read Full Article
JLL to Relocate from Canary Wharf to Wood Wharf

JLL will take 38,000 sq ft at 20 Water Street, Wood Wharf to house its Docklands office. The global real estate adviser will relocate the teams currently based at...

 Read Full Article
HSBC Managers to Hot Desk Instead of Having Private Offices

HSBC’s Chief Executive has told a national newspaper that an entire executive floor of its Canary Wharf office is now to be used as meeting rooms and collaborative...

 Read Full Article
IWFM Report Shows 58% of FMs Believe the Market Will Improve Within a Year

The Institute of Workplace and Facilities Management has released its Market Outlook 2021 report, revealing that most FM professionals believe the market will...

 Read Full Article
Former Sage Newcastle HQ For Sale

The former Sage headquarters office building in Newcastle upon Tyne, North Park, has been placed on the market. The 212,865 sq ft office building is located in...

 Read Full Article