29 July 2016
Find out more

IBM opens London analytics centre

01 December 2009  |  7846 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."
KeywordsPEOPLE

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

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

Related stories

Risk and regulation driving IT spending priorities at transaction banks

Risk and regulation driving IT spending priorities at transaction banks

14 September 2009  |  10073 views  |  0 comments
IBM to buy SPSS for $1.2bn

IBM to buy SPSS for $1.2bn

28 July 2009  |  5052 views  |  0 comments
IBM, Insa and Caixanova plan Spanish technology innovation centre

IBM, Insa and Caixanova plan Spanish technology innovation centre

16 July 2009  |  5426 views  |  0 comments
IBM says cryptographic breakthrough could benefit financial services

IBM says cryptographic breakthrough could benefit financial services

25 June 2009  |  5900 views  |  0 comments
IBM forecasts 'new world order' for financial services

IBM forecasts 'new world order' for financial services

27 April 2009  |  13688 views  |  0 comments
IBM to acquire Ilog

IBM to acquire Ilog

28 July 2008  |  5854 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out moreVisit www.abe-eba.euVisit VocaLink.com

Top topics

Most viewed Most shared
Groupe BPCE agrees to buy FidorGroupe BPCE agrees to buy Fidor
7364 views comments | 31 tweets | 48 linkedin
Telefonica Germany launches Fidor-backed mobile banking serviceTelefonica Germany launches Fidor-backed m...
7025 views comments | 16 tweets | 22 linkedin
hands typing furiouslyManaging Big Data After Brexit
6518 views 0 | 6 tweets | 8 linkedin
hands typing furiouslyBank of Pikachu? What does Pokemon Go mean...
5616 views 0 | 10 tweets | 9 linkedin

Featured job

Find your next job