Connect with us

Hi, what are you looking for?

Top Stories

Economy

Barclays opens major new financial hub in Glasgow

Banking giant Barclays has officially opened a major new financial hub in Glasgow.

Its campus in Tradeston, next to the River Clyde, will house technology, operations and functions teams, bringing “new high-value roles” to the city.

It aims to bring together about 5,000 staff at the 500,000 sq ft site by 2023.

The campus includes indoor and outdoor spaces for community events.

A curated space has been developed for social enterprises and local entrepreneurs to showcase and sell their products to the public.

Amenities will include wellbeing facilities, community exhibition spaces, along with a street food market.

The campus comprises five buildings, three of which are new. Two historic buildings, Clyde Place House and the BECO Building, have been restored for public use.

Barclays said the move was the latest step in its “global location strategy”, focused on bringing teams closer together to drive innovation and collaboration.

It is currently working with universities in Glasgow and Edinburgh to develop a “robust pipeline” of graduate and apprenticeship opportunities.

Barclays chief executive Jes Staley said: “This campus will give us a competitive advantage through its technology and capabilities, and help us attract the best talent to drive our business forward.

“We wanted to create something transformative that would have a lasting impact on Glasgow, its people and the local economy.

“The UK is a world leader in financial services and Glasgow plays an important part. With this investment we are increasing the strategic importance of the city to our future.”

First Minister Nicola Sturgeon said the opening of the campus marked one of the biggest inward investments to have ever come to Scotland.

She added: “It is a real statement of confidence in the talent and skills of our people and reinforces Scotland’s status as a global finance and technology hub.

“It will contribute to the sustainable regeneration of a historic section of the Clyde Waterfront, and offer employment opportunities for local people and those who have faced barriers into work, including people with disabilities and school leavers.”

Scotland Office minister Malcolm Offord described it as a “fantastic new campus”.

“With decades of experience in the business and financial sectors, I know what an attractive option Scotland represents for global investment and this new flagship hub underlines that,” he added.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Economy

With the onset of the pandemic, new routines replaced many day-to-day operations to curb the novel COVID-19 virus’s spread. While most tasks are...

Economy

Forbes 30-under-30 alumnus goes head-to-head with Amazon with smartphone-based retail checkout solution In 2015, MishiPay CEO Mustafa Khanwala waited 20 minutes in a...

Editor's Pick

PHILSTAR/MIGUEL DE GUZMAN Singapore — India, South Korea, and Thailand faced mounting coronavirus infections on Thursday, undermining...

Economy

Debenhams is to reopen 97 of its high street stores on Monday for a closing down sale to clear stock before they finally shut...

Disclaimer: SecretsOfRichDads.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 Secrets Of Richdads. All Rights Reserved.

    Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!