14 . Glasgow Business March/April 2014
Expansion
Success and the city » Munro Partnership opens new Glasgow office
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stablished in 1982 and now one of Scotland’s largest firms of Chartered Financial Planners, Munro Partnership have moved to larger offices at 234 West
George Street, in Glasgow. Tis is in line with the company’s commitment to grow and, in particular, enhance their presence in Glasgow. Te office will primarily be led by Robin Dale and Linda Gilbert. A successful opening event was held at the
Blythswood Hotel to celebrate the move and the company was delighted to welcome more than 70 guests to mark the occasion. Guests dug deep and generously purchased £350 worth of raffle tickets for the Prince and Princess of Wales Hospice’s Brick by Brick Appeal, which was doubled to £700 by Munro Partnership. New regulations have led to many banks
pulling out of providing financial advice. Furthermore, many stockbrokers will no longer deal with existing clients with assets below a certain level. Munro Partnership are keen to assist such individuals who can no longer obtain advice from their usual adviser. Teir new office will give them the opportunity to do this. In addition to the Glasgow premises, the company still have their Ayr and Hamilton offices operating as normal to service existing clients. Munro Partnership Ltd was also recently
invited to deliver a guest lecture at Glasgow Caledonian University in the Personal Finance and Investment module of the BA (Hons) Finance, Investment & Risk programme.
Investment Continued expansion for KPMG with 150 jobs on horizon
KPMG is continuing to expand its tax and family business focus in Glasgow. In the last 12 months, the firm invested in its new ‘Tax Centre of Excellence’ in the International Financial Services District. Based at 123 St Vincent Street, the centre handles tax compliance work from the firm’s 22 UK offices and, by the end of January, had submitted more than 5,000 tax returns. One hundred new jobs have
Phil Charles, Partner, KPMG
been created at the centre so far, with numbers set to rise to 150 by the middle of this year. Meanwhile, the firm has
made several key appointments to broaden the strength of its team. Among these is Partner, Phil Charles, who joined from the East Midlands. Phil specialises in supporting growing, entrepreneurial and family businesses. In addition to taking responsibility for a small portfolio of existing clients, Phil has responsibility for continuing the growth in KPMG’s middle market business. Phil said 2014 looked to be
a promising year, adding: “With an estimated 60,000 family businesses in Scotland, the
sector will play an important role in the national recovery. “Responsible for around
45 per cent of Scotland’s GDP, family business leaders will be looking to get their expansion plans right for what’s being forecast as a vibrant time for the UK economy. Sustainable growth is achievable for those looking to invest time and resources in the coming year. With an established track record in helping in areas such as governance, growth, succession management, and wealth preservation, KPMG can help make that happen.”
Linda Gilbert (left) and Carol Sneddon (right) at the opening of Munro Partnership’s new Glasgow office
Biotech centre will lead way in pharmaceuticals
A new innovation centre for industrial biotechnology, which could create up to 1500 jobs in the sector and boost Scotland’s economy by £130 million, is to be built in Glasgow.
The multi-million pound Industrial Biotechnology Innovation Centre (IBioIC) will be based at the University of Strathclyde. The new centre will work
with private companies and Scottish universities to develop and produce pharmaceuticals in a cost-effective and environmentally friendly way. The aim is for IBioIC to be
at the forefront of a rapidly growing market, expected to be worth between £150 billion and £360 billion globally by 2025. The new centre is being funded with £10 million from the Scottish Funding Council, with further funding coming from Scottish Enterprise and Highlands and Islands Enterprise. Strathclyde will co-ordinate a partnership of 13 universities in helping develop world- class academic research into marketable products.
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