Jun 2, 2017

HSBC struggles to recruit specialist staff for Birmingham office

HSBC is struggling to fill some jobs in its UK high street banking unit as it attempts to shift more than 1,000 roles to the new headquarters in Birmingham. Antonio Simoes, chief executive of HSBC Bank, said just over half of the 1,040 roles moving from London to Birmingham had been filled, but acknowledged the bank faced challenges with recruiting for some of the positions. The bank is investing more than £200m to establish its new UK base in Birmingham, much of which is apportioned to its new 10-storey building. The new Birmingham office will house HSBC's UK retail and commercial bank, which is being separated from riskier parts of the international group under the British government's ringfencing rules, which come into force at the start of 2019. The bank's choice to move to Birmingham is partly based on the heritage of Midland Bank, which it acquired in the early 1990s.

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