Supporting financial services and fintech across the UK on the road to Brexit

By 20th June 2018 Latest News

Supporting financial services and fintech across the UK on the road to Brexit

The chancellor will announce the appointment of two new regional fintech envoys as he visits financial centres in Halifax and Edinburgh.

With two thirds of financial services jobs outside of London, the chancellor will meet  with leading figures from banking, asset management and fintech to discuss how the expertise on offer in the UK’s regional financial centres will help the sector to flourish after Brexit.

 

Chancellor of the Exchequer, Phillip Hannond, said:

“Over a million people across the country are employed in our financial services sector, and it is truly a nationwide industry, with two thirds of the jobs based outside London. It fuels growth across the regions and is a vibrant part of our economy”.

In Yorkshire, Philip Hammond will visit the flagship Halifax bank offices and meet with representatives from financial and professional service firms to discuss  how financial services fuel  economic growth in the regions.

In Edinburgh, the Chancellor will meet with representatives from the Scottish asset management sector. He will also visit Nucleus Financial, one of Scotland’s biggest fintech firms, where he will build on the success of the existing regional fintech envoys by announcing the appointment of two new envoys for Wales and Northern Ireland.

Chancellor of the Exchequer, Philip Hammond said:

“Fintech is the future of financial services, and the UK leads the world in harnessing its power. Our two new regional fintech envoys for Wales and Northern Ireland will help the sector to grow and flourish across the UK, bringing its benefits to every region”.

They join the current envoys in championing fintech in their regions and supporting its growth:

  • David Ferguson, CEO of Nucleus Financial, and Louise Smith, Head of Current Account Design for RBS (envoys for Scotland)
  • David Duffy, CEO of CYBG (envoy for England)
  • Chris Sier, Professor of Financial Technology at the University of Leeds (envoy for the Northern Powerhouse)

For more information visit: GOV.UK

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