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LIVERPOOL FINANCE NEWS

Friday October 3 2014


Liverpool and London leaders meet to discuss North-shoring growth




Liverpool and London leaders meet to discuss North-shoring growth

Business leaders will address a city audience at the Mansion House next week to extol the virtues of moving administration and operational functions to the Liverpool city region.
 
In recent years, Liverpool has seen an upsurge in global multi-nationals and leading professional and financial services businesses taking up another base and benefitting from talent pool, lower land and property costs and salaries which are in some instances as much as 50 per cent less than the south east.
 
Around a hundred dignitaries and business leaders will gather at the Mansion House on October 7th to discuss the concept of north-shoring and hear first-hand success stories from both ServiceSource and Pershing (Bank of New York Mellon).
 
Global leader in recurring revenue management, ServiceSource, has its youngest service centre in Liverpool which is already one of its most successful, enjoying significant growth since it opened four years ago.
 
Global financial business solutions provider, Pershing has a flagship Liverpool office and has taken advantage of the deep pool of employment talent on offer.
 
In Liverpool there are many blue chip businesses with established back office bases including Rathbones plc, Investec, Pershing (Bank of New York Mellon) Santander and Barclaycard. It is estimated that funds in excess of £135bn are administered in the Liverpool city region, strengthening its place as number one outside London as confirmed by the Compeer report. Outsourcing companies have also been established in the city including Tata Consulting Services, Serco, Capita and Arvato.
 
Catherine Kelly, vice president of selling services, at ServiceSource’s Liverpool sales centre, said: “We are proud of the growth and tremendous progress from our Liverpool sales centre. We have found a tremendous talent pool in the city from which to develop our teams of highly skilled and motivated sales professionals.
 
“The combination of state of the art business infrastructure coupled with a talented pool of multi lingual speakers makes this an ideal location for ServiceSource and we look forward to further success of our business in this vibrant city.”
 
Peter Norman, managing director of Pershing (Bank of New York Mellon) said: “Liverpool has a great tradition in supporting the wealth management industry, creating a deep talent pool of experience and technical skills. This, coupled with an excellent infrastructure and a powerful economic base make Liverpool an ideal location.”
 
Another company reaping the benefits of being based in Liverpool is Wealth at Work, a leading provider of financial education and employee wealth management services in the workplace. Chief executive officer David Cassidy said: “In 2006 when the business was set up, we believed Liverpool offered the talent and technical expertise required to grow a 21st century wealth management business. Starting out with a team of six, today we employ over 80 staff in Liverpool and are one of the fastest growing wealth managers in the UK. We are in the business of providing innovative solutions for both our corporate and individual clients using creativity and technical expertise and Liverpool has this talent in abundance and continues to offer a great blend of youth and experience.”
 
The event at Mansion House is being hosted by Liverpool’s leading professional services organisation Professional Liverpool in conjunction with Liverpool Vision and the Liverpool city region Local Enterprise Partnership.
 
John Hall, chief executive of Professional Liverpool which represents the interests of more than 7,000 professionals across the city, said: “There has never been a better time to move to Liverpool as the city is undergoing a remarkable renaissance and this summer hosted the International Festival for Business on behalf of the whole of the UK.
 
“The festival showcased Liverpool’s success in capturing significant national and international investment in professional and financial services, advanced manufacturing, offshore energy, the creative and digital industries, the Port of Liverpool, the visitor economy and the growth of our four universities.
 
“We want to continue to build on this important legacy and to promote Liverpool as the North shoring capital which offers thousands of skilled professionals a more cost effective office base and strong rail links to London and other areas of the UK. Liverpool is a dynamic, thriving city which is attracting many global businesses – the success stories from businesses based here speak volumes as they see the very real benefits of having a back-office base up here.”
 
*Picture of ​John Hall, chief executive of Professional Liverpool



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