The Financial Conduct Authority (FCA) in United Kingdom has planned to recruit more than 100 new workers at their Leeds offices. Furthermore, the FCA is setting up new offices in Leeds in a bid to accommodate the new employees. The purpose of expansion is to meet the demand of an expanding regulatory remit.

FCA is expanding in UK

FCA will open a new office in Leeds city later in this year. Hence, they have signed a deal to lease for premises at 6 Queen Street. Previously, in July last year FCA revealed their plans to establish their footprints in both Cardiff and Belfast. In addition, they also doubled its headcount in Edinburgh to 200. Significantly, the FCA hired people for the roles related to data and technology. Moreover, the financial sector watchdog depicted their intentions to launch its offices in Leeds last year. The offices in Leeds will act as the FCA’s digital delivery center.

Leeds offices will open in September

William Hague, Director of Change and Transformation at the FCA is leading the establishment of the office. Furthermore, the FCA has appointed Phil Nixon as head of the Digital Delivery Center in Leeds. The FCA is planning to open doors of the new office in September this year. Therefore, they will hire around 100 new employees at the new office in Leeds. “As a national regulator, it is vital we have a truly national footprint. That means having colleagues in all parts of the UK. I’m delighted that we’re moving a step closer to opening our new Leeds office, in a city with a growing reputation as a digital and tech hub.” Nikhil Rathi, Chief Executive of the FCA said in his statement.

FCA looking to hire 500 workers across UK

According to FCA’s annual report, they hired more than 500 employees during this year. Moreover, the company intends to recruit another 500 new workers. “The answer may lie in staff departures, which have ostensibly been so significant as to require the recruitment of 500 people since January, with more to come.” An FCA spokesperson commented.

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