EY launches first financial services technology hub in the Midlands
EY has announced plans to establish a financial services technology hub in the Midlands as it responds to rising market demand for tech expertise outside London.
The hub at 1 Colmore Square in Birmingham will be run by a four-strong leadership team – Sagar Khandelwal, Heather Hales, Mark Wood and new hire, Joe Murray – and forms part of EY’s growth target to double its UK financial services technology revenues over the next three years.
Martina Neary, financial services Midlands leader at EY, says: “This is a significant investment in our technology business in the Midlands as we expand the range of skills and services that we’re able to provide to clients. We have a strong and growing Midlands practice and are focused on attracting top tech talent to meet the needs of financial services companies across the region and the UK.”
Preetham Peddanagari, EY UK financial services technology partner, said: “Birmingham, and the Midlands more broadly, is a natural place to establish a technology hub given the talent in the area and the leading financial services companies in the region. Sagar, Heather, Mark and Joe are already drawing up exciting expansion plans and we look forward to welcoming further new team members in the near future from across the Midlands.”
Anna Anthony, UK financial services managing partner at EY, added: “The Midlands is an integral region feeding into EY’s tech growth strategy. Our plan to double UK tech revenues within three years is undoubtedly ambitious, but with businesses increasingly looking to digital to achieve meaningful operational transformation and cost savings in a challenging environment, we are confident that our new Tech Hub will be met with strong market demand.”
