Large banks change London for the cities of Central England, writes with The Financial Times . The financial organizations receive rent of the areas at lower prices, than in the capital, the qualified personnel which salary is one third less in comparison with the London clerks.
the Solution of HSBC to move head office retail bank to Birmingham became a turning point for the city which started developing as financial center. The bank became not the first finance company which has chosen Central England. In Birmingham 20 thousand bank employees work, 2500 from which found a job in HSBC, and 1500 – in the German Deutsche Bank. The majority of bank employees of Birmingham work in back offices of commercial banks, the service centers, support services of clients, IT divisions.
of HSBC opened in the city full-fledged central office of retail sector. At a choice of a location were considered a set of factors, Birmingham involved bankers with a convenient arrangement, good transport connection, a wide choice of qualitative office areas. Among advantages appeared also the city status as leading incubator for startups, last year in Birmingham 1800 companies were created.
the Bank plans to invest p in the city in medium-term prospect of £200 million until the end of 2018. These expenses are insignificant for bank as level of salaries in the city is one third lower London, rent of commercial real estate is much cheaper.
the Convenient arrangement of office in the center of the country allows banks to capture more clients, representatives of the financial organizations interrogated by the edition note. In the province the routine of shots is less, close connections with local universities allow to attract students and experts from foreign offices of banks.
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