Financial Services 2016 - Company News Summary

Electra Partners is to sell Elian, the Jersey-based provider of offshore trust and corporate services with 600 staff, to Intertrust Group for £435m.
07-Jun-2016

Begbies Traynor has acquired Pugh Auction Group, the Cheshire-based commercial property auctioneer with 25 staff, for an initial £2m.
06-Jun-2016

OneFamily is looking to expand the 500-strong workforce at its Brighton-based financial services mutual with 30 new jobs over the next few months.
01-Jun-2016

Linder Myers, the Manchester-based law firm with about 200 staff, has been sold in a pre-pack administration to a new company called Metamorph Law.
01-Jun-2016

Principal Insurance is to relocate its motor insurance broking business from Kendal to Lancaster, with the creation of up to 20 jobs.
31-May-2016

Phoenix Group Holdings is to acquire AXA Wealth's pensions and protection businesses for £375m, with the transfer of 150 SunLife staff in Bristol.
31-May-2016

Asset International is to acquire the investment and insurance research business of FactSet Research Systems, including London-based Matrix Solutions.
25-May-2016

Browne Jacobson is planning to relocate its law office in Manchester to a larger site, in order to expand the workforce to about 100 over the next ten years.
23-May-2016

Altium, the investment banking firm with offices in Manchester and London, is to merge with GCA Savvian Corporation of Japan in a £250m deal.
10-May-2016

White & Case is seeking a suitable site of about 25,000 sq ft for a new regional law office in Bristol, Leeds, Liverpool, Manchester or Nottingham.
09-May-2016

Bradford & Bingley is to sell its mortgage servicing operations, with 1,700 staff based in West Yorkshire and Sunderland, to Computershare of Australia.
05-May-2016

Standard Life is to acquire Axa's UK portfolio services division Elevate for undisclosed terms, to create a combined advisory platform business.
05-May-2016

BlackRock is to sell its defined contribution platform and administration business with about 150 staff based in London and Peterborough to Aegon UK.
05-May-2016

Grant Thornton is to relocate its accountancy business in Sheffield and 120 staff to a 14,000 sq ft office at the former NUM building next year.
03-May-2016

Provident Financial has submitted plans to expand the head office of its Bradford-based loans business, with the creation of an unspecified number of jobs.
03-May-2016

Fairstone Group is to create up to 20 jobs at its Boldon-based financial planning business, having secured a £25m investment from Synova Capital.
27-Apr-2016

Lonmar Global Risks, the London-based Lloyd's insurance broking firm, is to undergo a management buy-out with backing from Global Risk Partners.
27-Apr-2016

First Mortgage is looking to expand its Edinburgh-based chain of ten mortgage broking stores across England, starting in Manchester and Leeds.
21-Apr-2016

Twentyfour Asset Management is to set up a 9,600 sq ft office for its asset management business at the Monument Building in the City of London.
20-Apr-2016

Accel has acquired a 9,000 sq ft office at One New Burlington Place in London for the new European headquarters of its venture capital business.
20-Apr-2016

Eversheds is seeking a suitable site in Nottingham for the relocation of its 35,500 sq ft law office from 1 Royal Standard Place by December.
18-Apr-2016

International Currency Exchange, the London-based foreign exchange firm, has been sold by Lenlyn Holdings to HNA Tourism of China for undisclosed terms.
18-Apr-2016

Leeds Building Society is to relocate its business in the North East from Silverlink to a 20,000 sq ft office at Cobalt Park in North Tyneside.
14-Apr-2016

Simply Business, the London-based online insurance firm, has been sold by AnaCap to Aquiline Capital Partners of the US for £120m.
12-Apr-2016

Perkz is to relocate its employee benefits business to a new head office in Leeds, having been acquired by International Benefits Holdings.
11-Apr-2016

Handepay is to expand the 100-strong workforce at its Haydock-based card payment processing business with 53 new jobs by the end of the year.
31-Mar-2016

Scott-Moncrieff is to merge with Edinburgh-based Ogilvie & Company, to create a combined accountancy business with more than 180 staff.
30-Mar-2016

Great Annual Savings Group is planning to expand the 110-strong workforce at its Seaham-based cost management business to 150 by the middle of this year.
30-Mar-2016

Exchange Utility is to relocate its Bury-based utility savings advice business and 160 staff to Athenaeum House this April, with the creation of 250 jobs.
24-Mar-2016

Tavistock Investments has acquired Abacus Associates Financial Services, the Hereford-based IFA with about 45 self-employed advisers, for more than £5m.
22-Mar-2016

AWB Charlesworth Solicitors has merged with Worger Howcroft Solicitors, to create a combined Yorkshire-based law firm with 60 staff and four offices.
22-Mar-2016

PwC is to relocate its Birmingham-based professional services office and 1,400 staff to a 90,000 sq ft unit at the Paradise development in 2019.
21-Mar-2016

Kreston Reeves is to merge with Spofforths to create a combined accountancy group with 450 staff at ten offices across the South East.
17-Mar-2016

Beprotectedinsurance is planning to expand the 31-strong workforce at its Leeds-based online insurance business with 100 new jobs over the next year.
14-Mar-2016

Pinsent Masons has confirmed plans to relocate its Birmingham-based law firm to a new 40,000 sq ft office at 55 Colmore Row in 2017.
14-Mar-2016

Rothera Dowson is to merge with Sharp Young & Pearce, to create a combined Nottingham-based law firm called Rothera Sharp with 20 partners.
08-Mar-2016

KPMG is considering plans to relocate its accountancy office in Nottingham and over 200 staff to a new site in the city centre next year.
08-Mar-2016

Thomas Westcott is to merge with Parkhurst Hill, to create a combined Plymouth-based accountancy business with 220 staff and 28 partners.
03-Mar-2016

Edward Hands & Lewis is looking to open up to 50 offices and expand the 150-strong workforce at its Leicester-based law firm to up to 380 by 2020.
02-Mar-2016

Plum Underwriting has acquired Synergy Insurance Services, the London-based insurance firm, from Randall & Quilter Investment Holdings for undisclosed terms.
01-Mar-2016

Shakespeare Martineau is looking to double the size of its Birmingham-based law firm over the next five years, and expand to Leeds and South Yorkshire.
29-Feb-2016

Citation is to double the workforce at its Cheshire-based HR solutions business to 400 by next year, having been acquired by Hg Capital for £185m.
16-Feb-2016

Children's Family Trust has set up a charity headquarters at Stoke Prior in Worcestershire, and plans to open a new office in the West Midlands by 2020.
11-Feb-2016

Moneysupermarket is seeking an office of up to 30,000 sq ft in Manchester for the expansion of its online price comparison business.
11-Feb-2016

Mattioli Woods is planning to expand the 500-strong workforce at its Leicestershire-based wealth management business to up to 800 over the next two years.
10-Feb-2016

Domestic & General is planning to expand the 800-strong workforce at its insurance contact centre in Nottingham with more than 150 new jobs.
09-Feb-2016

Old Mutual is to sell Rogge Global Partners, the London-based asset management firm, to Allianz Global Investors for undisclosed terms.
09-Feb-2016

Institute of Directors is to relocate its member organisation in Edinburgh to a 3,000 sq ft office at 10 Charlotte Square this spring.
08-Feb-2016

RSM has acquired Right Hand HR, the HR consultancy with 26 staff and offices in Chester, Exeter, London and Newcastle, for undisclosed terms.
08-Feb-2016

Davidson Chalmers is to expand its Edinburgh-based law firm with a new office at the Galashiels Interchange in the Scottish Borders.
04-Feb-2016

Proactis Holdings has acquired Due North, the Cramlington-based sourcing and contract solutions firm, from Access Intelligence for £4.5m.
04-Feb-2016

Knights Professional Services is to expand its Staffordshire-based law firm with 100 jobs this year, including 50 in Oxford, having acquired Darbys Solicitors.
03-Feb-2016

Wilsons Auctions has acquired a seven-acre site in Maidstone and the former SMA Remarketing centre in Newcastle for the expansion of its auctions business.
03-Feb-2016

Quadrature Capital is to relocate its London-based investment management business to an 11,000 sq ft office at the Leadenhall Building.
01-Feb-2016

Optionis has acquired ARC Licensed Trade Consultancy, the Carlisle-based pub accountancy firm, for undisclosed terms with backing from MML Capital Partners.
28-Jan-2016

Barclays is to expand the 1,000-strong workforce at its contact centre on Wavertree Technology Park in Liverpool with 300 new jobs.
21-Jan-2016

Moorhouse Group is to expand the 105-strong workforce at its Caerphilly-based insurance business with 89 new jobs over the next two years.
21-Jan-2016

Curtis Banks Group is to acquire Suffolk Life Group, the Ipswich-based pensions firm with 239 staff, from Legal & General Group for £45m.
18-Jan-2016

Umbrella is looking to expand the 70-strong workforce at its accountancy offices in Wilmslow and London with about 20 new jobs over the next year.
18-Jan-2016

Gigaclear has secured an investment of £18m from European Investment Bank for the expansion of its rural broadband business across the country.
18-Jan-2016

CFB Risk Management is to create an unspecified number of jobs in the expansion of its Hartlepool-based community interest services business.
18-Jan-2016

Totemic Holdings is to expand the 1,140-strong workforce at its Grantham-based financial services business with an unspecified number of new jobs.
18-Jan-2016

Appleby Fiduciary Business has undergone a management buy-out from the Appleby Group, with backing from private equity firm Bridgepoint.
13-Jan-2016

Stripe Payments UK is to double the workforce at its London-based online payments business to more than 40 and relocate to a new office at The Bower.
12-Jan-2016

Capita has acquired the online payment businesses of Hertfordshire-based PayPoint, including PayPoint.net and Metacharge, for £14m.
11-Jan-2016

Rathbone Brothers is to set up a 75,000 sq ft office at 8 Finsbury Circus in the City of London for its investment management business.
11-Jan-2016

Direct Line Group has acquired DLG Legal Services, the Leeds-based law firm, from joint venture partner Parabis Law for a nominal sum.
11-Jan-2016

Hastings Direct is planning to expand the 340-strong workforce at its insurance business in Leicester to 600 this year, and hopes to reach 1,000 in the future.
07-Jan-2016

Ryan Direct Group is to acquire Midas Underwriting, the insurance firm with offices in County Down and Essex, for undisclosed terms.
07-Jan-2016

Belfast City Council is considering plans for an 80,000 sq ft extension of the former First Trust Bank building at Queen's Square for Stargime of France.
06-Jan-2016