New York visit seals S&P investment in Manchester office
US financial firm, S&P Global Market Intelligence (SPGMI) has committed to expanding its footprint in Manchester.
Mayor of Greater Manchester, Andy Burnham met with senior leaders from S&P Global Market Intelligence in New York to discuss the plans for the company’s new office in Manchester, which is to be in the St Michael’s development.
Market Intelligence, as the business division is known, will be “tapping into Greater Manchester’s growing pool of skilled professionals,” with new roles covering data, analytics and solutions to the global capital markets. expected to attract top talent, further cementing Greater Manchester’s position as a challenger to London for financial services and a globally significant hub for skills and talent.
Speaking on the decision behind adding Manchester to the company’s international portfolio of more than 70 offices across 35 countries, John Barneson, Global Head of Enterprise Solutions at S&P Global Market Intelligence said: “Our office in Manchester is strategically located in the heart of the city’s thriving financial, professional, and business services industry. The expertise in Manchester will enable us to further position ourselves as the leading provider of data, analytics and solutions to the global capital markets.
He added: “Our office is also designed to align with our commitment to discovery, integrity and partnership, meeting high standards in these areas. With a team of professionals, we are well-equipped to provide outstanding service and support to our clients.”
Market Intelligence joins other global brands such as BNY, Vanguard and JP Morgan expanding into Greater Manchester, once the construction of No.1 St Michael’s is completed later this year.
Andy Burnham, Mayor of Greater Manchester, said: “S&P Global have exciting plans in Greater Manchester and it was great to meet their leadership to discuss these further. The company’s expansion in our city-region is another vote of confidence in our financial and professional services sector, and also underlines our emerging strengths in digital and fintech. We have all the attributes that big international employers look for – a great quality of life, a diverse talent pool and fantastic workspaces. By integrating our technical education system, through initiatives like the MBacc, we’re also ensuring these companies have the talent they need to grow in the years to come.”
S&P Office in New York
Topics for discussion between the Mayor and S&P at 55 Water Street in Manhattan included how city leaders will ensure Market Intelligence can gain a successful foothold in the city and how skills and talent can support Market Intelligence to continue to serve global clients.
Burnham was accompanied by Joe Manning, the managing director of Manchester’s Inward Investment Agency MIDAS.
The state-side visit also included a tour and meetings with the Market Intelligence division, responsible for solidifying the business’ reputation as a powerhouse in the international capital markets.
Commenting on Market Intelligence’s move to permanent premises having previously operated from serviced offices in Manchester’s city centre, Joe Manning, Managing Director at MIDAS said: “S&P Global Market Intelligence’s significant investment demonstrates a renewed commitment and contribution to the city-region; S&P’s Global’s values of Discovery, Integrity and Partnership enable the region to leverage its technological and innovation offer and will create jobs over the next three years with a number of these being high-value positions, to add even further to our city-regions growing talent and skills pool. Market Intelligence’s decision to expand here is a testament to our skilled workforce, excellent universities, and thriving business ecosystem.
“MIDAS is looking forward to supporting Market Intelligence l as they grow their presence and contribute to Manchester’s exciting future as a leading city-region for financial services.”
Market Intelligence began life in 2022 when S&P Global completed a $140bn merger with IHS Markit, an information services provider headquartered in London.
