14 February 2016

IBM opens London analytics centre

01 December 2009  |  7721 views  |  0 london big ben

IBM has launched a London Analytics Solutions Centre and pledged to recruit 400 consultants, software specialists and mathematicians to run the facility which will initially focus on the financial services sector.

The new centre is the sixth opened this year as part of a global multi-million pound investment initiative initially announced in April. The London facility joins a global network of centres in Berlin, Beijing, Dallas, Tokyo, New York and Washington, DC.

Operating out of IBM's Southbank offices, the new centre will initially be used to design and develop cross-asset risk positioning and monitoring systems and information management tools for financial institution clients in the City.

The vendor says the centre will be the focal point for a UK and Ireland analytics team which will initially number a total of 400 staff. It is anticipated that the team will double in size as the scheme is rolled out to other vertical industry sectors such as energy and utilities, pharmaceuticals and public sector organisations.

Speaking at the launch event, Lord Mandelson, secretary of state for business, innovation & skills, commented: "This new initiative from IBM is an important vote of confidence in the continued strength of London's banking and financial sector, and will help to give British firms the competitive advantage they need to thrive and grow."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

14 September, 2009
28 July, 2009
16 July, 2009
25 June, 2009
27 April, 2009
28 July, 2008

Related company news

Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
UK sets out open banking API frameworkUK sets out open banking API framework
16399 views comments | 106 tweets | 91 linkedin
Deutsche Bank calls for co-operation with fintech firms on B2B servicesDeutsche Bank calls for co-operation with...
9145 views comments | 30 tweets | 30 linkedin
How to accelerate your fintech startupHow to accelerate your fintech startup
8743 views comments | 35 tweets | 10 linkedin
Is Paym a failure?Is Paym a failure?
7250 views 16 comments | 23 tweets | 16 linkedin
Visa issues API to offer consumer control over card transactionsVisa issues API to offer consumer control...
6612 views comments | 17 tweets | 28 linkedin

Featured job

to $120K base, double OTE, benefits
New York City, NY or Boston, MA (USA)

Find your next job