Expansion of FCA Leeds Office Signals Growth
The Financial Conduct Authority (FCA) has announced plans to add another 100 roles to its Leeds office, a significant increase that will boost the number of staff based in the city by close to 50%. The regulator currently employs 240 staff in Leeds and first opened its office in 2022 to house its Digital Delivery Centre and other business teams.
The FCA will also be expanding its floor space by nearly 5000 sq. feet at its 6 Queen Street office, representing a 35% increase. The refurbishment project is scheduled to begin in late summer, with the new space set to open in the autumn. Nikhil Rathi, chief executive at the FCA, highlighted the value of the Leeds workforce, stating that their perspective enriches the work of the regulator.
In line with its efforts to establish a national presence, the FCA opened several new regional offices in recent years, including locations in Cardiff and Belfast. This expansion reflects the regulator’s commitment to having a broad geographical reach and engaging with diverse talent across the UK.
FAQs
Why is the FCA expanding its Leeds office?
The expansion is aimed at increasing the FCA’s presence in different regions of the UK and harnessing diverse talent from across the country.
When will the new space at the Leeds office open?
The new space is expected to open in the autumn after the refurbishment project commences in late summer.
How many staff currently work at the FCA’s Leeds office?
There are currently 240 staff based in the FCA’s Leeds office.
Conclusion
The expansion of the FCA’s Leeds office signifies a period of growth and increased engagement with talent from different regions of the UK. The regulator’s commitment to broadening its footprint and welcoming diverse perspectives is evident in its decision to add more roles and expand its office space in Leeds. This move is expected to further enhance the FCA’s operations and strengthen its position as a national regulator.