The Bank of New York is to occupy 91,440 square feet of office space at One Piccadilly Gardens, Manchester. Though some of the space may be sub-let, the bank has signed a 15 year lease, and describes the new office as “the location for its new growth centre for its business in the UK and Europe.”
“We were seeking a central location offering high quality office accommodation and One Piccadilly Gardens meets both these criteria,” says Tim Keaney, Executive Vice President and Head of Europe at Bank of New York. “We selected Manchester as our new European centre due to its large pool of well-educated, talented people and its excellent transport and business infrastructure. It also enables us to further diversify our office locations in line with regulatory and customer expectations.”
In the UK, the Bank of New York employs 3,000 staff and already has offices in London, Swindon, Liverpool and Edinburgh. The bank emphasised it remains committed to these locations as important operational service centres.
“In the past few years, Manchester has been transformed, and is now a world class city with world class facilities and opportunities for business,” says Richard Leese, Leader of Manchester City Council. “I am very pleased to welcome The Bank of New York to Manchester. They are a global financial company and a leader in their field. In choosing Manchester to establish a major new growth centre they have demonstrated confidence that our city has the infrastructure and talent to support today’s global business needs.”