Lombard Risk opens new Technology Centre in Birmingham

Global brand invests in Birmingham to create new wave of products.

Global fintech company Lombard Risk Management plc, has today announced the opening of a new Technology Centre in Birmingham and the creation of up to 140 new jobs over the next three years, as it expands in the UK.

Through its new location in Birmingham’s Alpha Tower, the firm is investing in the development of the next generation of fintech products. Lombard Risk’s investment represents an exciting new stage of growth for the company as it looks to expand its offering and bring technology closer to its clients.

The centre will boast modern facilities and support a collaborative and creative working environment. The Birmingham office allows Lombard Risk to build a development centre within easy travelling time of its London headquarters and will allow its developers to work closely with key businesses.

Mike Payne, Lombard Risk’s Chief Technology Officer, commented: “This is an exciting opportunity for Lombard Risk, an opportunity to establish a first class development centre using the most up-to-date technologies and methods. Lombard Risk has a long history of developing innovative financial software and the opening of this centre will continue that tradition as we build the next generation of our products.

“Lombard Risk aims to be the employer of choice in Birmingham developing first class software demanded by our clients. Birmingham is a fantastic city with world class universities nearby and a rich pool of talented technologists, it was an obvious place for us to invest in.”

Nicola Hewitt, Commercial Director of inward investment agency Marketing Birmingham, said: “Lombard Risk’s decision to invest in Birmingham is fantastic news for the fast-growing fintech economy of the city. Birmingham has become a thriving hotspot for both the technology and finance sectors; already home to major investors including HSBC and Advanced.

“Lombard Risk has chosen Birmingham over a number of other international locations. This is testament to the strength of the region’s talented digital workforce and its centrally connected transport links – both cited as key reasons behind the firm’s expansion into the region. It instils post-Brexit confidence, demonstrating that Birmingham – and the UK – remains in a strong, competitive position globally; attracting the very best in innovation.”

Outsource UK Ltd have partnered with Lombard Risk Management from their initial concept to build a new development centre nearshore, through to the on-boarding of new resource.

Jessica Holt, Director of Workforce Solutions for Outsource UK, said: “We have been delighted to work with Lombard Risk on this new development initiative. We commenced our initial conversation by carrying out an extensive UK talent map report to identify the right UK location, this extended to sourcing and fitting out a new commercial building with our property consultants Cushman & Wakefield, and then finally project managing a unique and bespoke recruitment solution to on-board the resources.

“This has been an exciting journey and our team of specialist technical consultants, headed up by Nic DeVito, has taken great satisfaction in sharing the birth of Lombard’s Birmingham team. We look forward to the ongoing partnership to support Lombard Risk’s growth over the next few years.”