Wealth-manager Evelyn Partners says it is catalyzing its “ambitious” growth plans in Scotland by signing up to become an occupier of Glasgow’s 177 Bothwell Street development, billed as the city’s largest office building.
The business, which describes itself as an integrated wealth management and professional services group, said the move will strengthen its historic Glaswegian presence, having been formed via the merger of Tilney and Smith & Williamson, with the latter founded in the city in 1881.
It is taking 30,000 square feet at the building, which has made headlines for its green credentials and what it says is Scotland’s first rooftop running track, to create its second-largest office in the group after its new headquarters in Gresham Street, London. Some 350 staff will move in from two existing office locations in Glasgow’s St Vincent Street, while the space agreed will also allow for further expansion.
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Paul Frame is regional managing partner for Scotland and Northern Ireland at Evelyn Partners, which looks after £52.7 billion of assets for its wealth-management clients and £10bn for its clients in fund governance and administration.
He said: “Our new offices will provide a first-class working environment for our staff based in Glasgow and support our ambitious plans for continued expansion in Scotland. The building’s location in the city center, close to excellent transport links, makes it convenient for our clients to meet with our specialist teams and attend events.”
Neil Coxhead, chief executive of Evelyn Partners’ host ACD and fund-administration business, added: “Our host ACD and fund-administration business has its center of excellence in Glasgow and the new office allows us to keep pace with our expansion plans.”