HSBC UK’s new head office in Birmingham city centre will officially open on 16 May next year – bringing a vibrant new “heartbeat” to the city’s economy.
The announcement was revealed exclusively to media members of Birmingham Press Club when HSBC officials hosted a reception held at the Press Club’s new “home,” St Paul’s Club in St Paul’s Square.
A series of special events is being planned to mark the launch of the bank, which, upon completion of its new head office building in Centenary Square, will have invested more than £200 million and will have a 4,000-strong workforce in the city.
Ian Stuart, who has been appointed chief executive of HSBC UK – the overall sponsor of the Press Club – told guests: “We have a mandate to grow the business. But we very much care about our customers and our role in the community.”
He said that the bank’s investment in the city would provide it with an exciting new heartbeat.
Press Club president Bob Warman and Press Club chairman Llewela Bailey, who welcomed Ian and his team to the Press Club, said the city, being a major economic force, expected to attract other significant investments, one target being the relocation of Channel Four.
HSBC UK will serve the bank’s personal and business customers. The creation of the ring-fenced bank has been in response to the Financial Services (Banking Reform) Act 2013.
Birmingham was chosen as its base following a review by the bank of a number of possible head office locations.
Both the Press Club and HSBC were founded in 1865.