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Goldman Sachs expands beyond London with plans to add hundreds of staff

The bank will expand the office quickly with hundreds of local hires

By

Paul Clarke

Goldman Sachs is moving staff from the City to Birmingham. Pictured here, the futuristic landmark Selfridges store in Birmingham dominates the skyline of the city's Bullring Shopping Centre
Goldman Sachs is moving staff from the City to Birmingham. Pictured here, the futuristic landmark Selfridges store in Birmingham dominates the skyline of the city's Bullring Shopping Centre Photo: Getty Images

Goldman Sachs is set to shift employees out of the City to Birmingham and hire hundreds of new staff, as the US banking giant makes a rare foray outside of London for its UK business to launch a new regional office.

The US banking giant will join rivals HSBC and Deutsche Bank by setting up a technology hub in the West Midlands city, and plans to open its new Birmingham office by the third quarter of 2021, it said in a statement.

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