AJ Bell moves 100 stockbroking jobs to Exchange Quay

Investment firm AJ Bell has revealed plans to relocate jobs to the North West.

The company is moving around 100 roles to the region as its shifts stockbroking services from Tunbridge Wells to its HQ at Exchange Quay in Salford.

The positions affected are primarily focused on back office dealing and stockbroking services. A small number of specialist positions will move to the firm’s London office.

AJ Bell believes consolidating the stockbroking services with its wider Greater Manchester operation will enable it to streamline processes and improve communication between teams working closely together.

The company said all affected staff will be offered a role either in Manchester or London, with relocation packages provided to facilitate moves where necessary.

AJ Bell chief exec Andy Bell said: “The recent move to our new Exchange Quay headquarters in Salford Quays has provided us with a centre of excellence in Manchester.

“Consolidating teams from Tunbridge Wells into the new office will enable us to improve the service we offer customers and gives us space to grow the business further.”

He added: “Our focus at the moment is on relocating existing staff but there is no doubt there will be recruitment opportunities for people in the North West in due course.”

AJ Bell recorded a pre-tax profit of £11.2m in the six months to March 31 2017. The firm now administers £36.3bn worth of investments for 152,000 customers.

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