A significant financial and professional services centre

Manchester

 

110,000 financial and professional services jobs

Manchester is a significant financial and professional services centre. It has strong expertise in banking, asset and wealth management. There is also a strong general insurance cluster and an increasing number of brokers. It is home to the largest cluster of private equity firms outside of London,  and a fast-expanding legal sector. The city exports £2,4bn in financial services.

The development of Spinningfields, the city's financial and professional services district has attracted major players including BNY Mellon, Barclays, Royal Bank of Scotland, OakNorth and Deloitte.

£130.5m Foreign direct investment, in 14 projects, in financial services between 2014 and 2018
Manchester is an established hub of fintech expertise, especially in payments, software, platforms, data analytics and cyber security. Companies in the fintech ecosystem range from small startups to teams from major international financial services firms including HSBC.  

"In Manchester, there are four very strong universities with a graduate pipeline. You also have big banks who have built a pool of expert talent. Connectivity is another benefit of being in Manchester. Manchester Airport has two runways – we fly ourselves to India, New York, Singapore amongst other destinations all the time, as we also have bases there. All the boxes were ticked."

Amir Nooriala, chief strategy officer OakNorth