AJ Bell to move stockbroking division to Manchester

Andy Bell

AJ Bell to move stockbroking division to Manchester

Pension, investment and stockbroker business, AJ Bell, is relocating around 100 jobs to the north-west as it moves its stockbroking services from Tunbridge Wells to its headquarters in Greater Manchester.

The relocation is designed accommodate the growth of the business and enhance its service to customers.

The 100 roles are currently based in Tunbridge Wells, predominantly focused on AJ Bell’s back office dealing and stockbroking services.  The majority of these roles will relocate to Manchester where AJ Bell has recently moved into a larger headquarters at Exchange Quay.  A small number of specialist roles will move to AJ Bell’s London office.

Consolidating its stockbroking services with the rest of its operations in Manchester will enable AJ Bell to streamline certain processes and improve communication between teams that work closely together. 

All staff affected by the relocation will be offered roles in Manchester or London, and relocation packages will be provided to facilitate any moves where necessary. 

No roles will be lost due to the relocation, and AJ Bell will recruit in Manchester to fill any roles not taken up by current members of staff. 

AJ Bell saw record business volumes in the first six months of its financial year to March 2017, with new business inflows up 68% to £3.6bn and profit before tax up 27% to £11.2m.  It now administers £36.3bn of investments on behalf of 152,000 customers.

Andy Bell, chief executive of AJ Bell said: “The recent move to our new Exchange Quay headquarters in Salford Quays has provided us with a centre of excellence in Manchester.  Consolidating teams from Tunbridge Wells into the new office will enable us to improve the service we offer customers and gives us space to grow the business further. 

“Our focus at the moment is on relocating existing staff but there is no doubt there will be recruitment opportunities for people in the north-west in due course.”