CASE STUDY: Rathbones
Managing more than £49 billion for around 40,000 clients, Rathbones is one of the UK’s leading investment managers and is part of Rathbone Brothers Plc, which has a listing on the London Stock Exchange.
Founded in Liverpool in 1742 it has retained a major base in the city and is a key reason why the area is the UK’s largest centre for wealth management outside of London. More than 400 staff are employed at Rathbones’ Liverpool office based in the historic Port of Liverpool Building. Low staff churn is a key benefit for the firm’s Liverpool operation with just 6.5% voluntary turnover per annum.
The company is currently looking to expand its Liverpool City Region operations, considering 100 sq ft opportunities at major Liverpool City Region developments, including the £200 million Pall Mall development and the £5 billion Liverpool Waters development. Rathbones plans to initially secure short-term expansion space but ultimately seeks the development of a new build, Liverpool City Centre HQ. Andrew Morris, Director of Rathbones, said:
“Rathbones located our main group operational functions in the city and nearly half of the employees of the group. We’ve been able to do this because Liverpool is such a cost-effective location. More importantly, the city enables us to access a highly qualified and valuable workforce”