The Goldman Sachs Group has announced its intention to expand its footprint in the UK by opening a new office in Birmingham in the late summer of 2021.
The opening of an office in Birmingham offers the investment bank access to a strong and deep new talent pool, excellent academic institutions, a growing technology sector and longstanding leadership in STEM industries.
The news means that Goldman Sachs will join other large financial sector employers such as HSBC and Deutsche bank which already have a presence in the city.
Birmingham offers several unique advantages and the city’s proximity to the company’s existing London office will allow for easy travel between UK offices.
The firm’s engineering division will be the first to make the move with a mix of hiring new staff and employee transfers with other divisions to follow, eventually leading to hundreds of new jobs coming to the UK’s second city.
Richard Gnodde, Chief Executive Officer for Goldman Sachs International, said:
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.
Neil Rami, Chief Executive of the West Midlands Growth Company, said:
Goldman Sachs is one of the world’s most prestigious investment banking institutions, renowned for its laser-focus on recruiting the best and brightest talent and the pre-eminence of its data-driven, customer-centric technologies. We are delighted that Goldman Sachs has chosen Birmingham as the home of its major new presence, where it will harness the region’s entrepreneurial talent to develop its mission-critical digital expertise, creating hundreds of jobs.