Evelyn Partners, the wealth management and professional services group created from the merger of Tilney and Smith & Williamson, has agreed terms for new landmark offices in Glasgow.
The move by the group will bring its Glasgow teams together in a single location that will support its growth plans in Scotland.
The merged group has roots in Glasgow with Smith & Williamson having been founded in the city in 1881.
Evelyn Partners, which looks after £52.7 billion of assets for its wealth management clients and £10 billion for its fund governance and administration clients, is taking 30,000 sq ft of space at 177 Bothwell Street, making it the second largest office in the group after its new headquarters in Gresham Street, London.
About 350 staff will move into the new premises from two existing office locations in St Vincent Street, while the space agreed will allow for further expansion.
“The 177 Bothwell Street development has been designed to meet excellent standards of environmental sustainability and efficiency, supporting the group’s commitment to achieve Net Zero greenhouse emissions in its corporate organisational footprint,” said Evelyn Partners.
“Evelyn Partners is well-placed to support clients with both their personal financial affairs and their business interests.
“The group’s personal wealth management services include financial planning, investment management and personal tax advice, while for businesses it provides assurance and accounting, business tax advice, employee benefits, forensic advice, fund governance, fund administration, recovery and restructuring and transaction services.”
Paul Frame, Regional Managing Partner for Scotland and Northern Ireland at Evelyn Partners, said: “We are excited to have agreed terms for 177 Bothwell Street.
“Our new offices will provide a first-class working environment for our staff based in Glasgow and supports our ambitious plans for continued expansion in Scotland.
“The building’s location in the city centre, 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, said: “Our host ACD and fund administration business has its centre of excellence in Glasgow and the new office allows us to keep pace with our expansion plans. 177 Bothwell Street will provide a great city centre location and modern working environment for our teams that supplies specialist services to the UK funds industry.”