TheCityUK has appointed Sam Booth, pro-manchester Chief Executive, as its new Deputy City Chair for Greater Manchester.
In her new role, Sam will support Andy Westbrook, TheCityUK’s Greater Manchester City Chair in bringing together the North West financial and related professional services industry to develop key strategic policies and priorities to support industry growth and employment in the region.
A centre of excellence for banking, insurance and accounting, the North West’s financial and related professional services industry employs 239,000 people and contributes £13.6bn in GVA (7.8% of regional output).
In Manchester, more than 46,000 people work in financial and related professional services, together contributing over 15.9% of the city’s total economic output.
Andy Westbrook, TheCityUK City Chair for Greater Manchester and Practice Senior Partner (North West), Corporate Finance Advisory, Deloitte, said,
I’m very pleased to work alongside Sam to champion the industry and forge crucial links in the region. The international client base of firms in Manchester underlines the city’s status as a global hub for financial and related professional services. Manchester is a particular centre of excellence for banking, general insurance and accountancy, and has the largest cluster of legal services outside of London. I am keen to promote our diversity and specialisation going forward.”
Sam Booth, TheCityUK Deputy City Chair for Greater Manchester and Chief Executive pro-manchester, said,
Greater Manchester is the second largest financial centre in the UK, yet few outside the industry are aware of how important it is to the economic success of our city. I’m delighted that my new work as Deputy Chair will intersect with our continued work at Pro-Manchester to support growth and development in the city and to promote the north as a great place to do business. It’s really good to see TheCityUK invested in the region’s success and I look forward to working closely with Andy to promote the industry across Manchester and the wider North West.”
According to TheCityUK estimates in its ‘Exporting from across Britain 2019’ report, the North West exported nearly £5.9bn of financial and related professional services in 2017, up 2.4% from 2016 and a 12.8% increase since 2011.
The quality of the North West’s infrastructure and access to talent has encouraged local and international investment from across a range of sectors within the industry, such as asset and wealth management, management consulting and accountancy. Manchester remains at the heart of the industry, accounting for around one fifth (19.3%) of industry employment in the North West region.
Almost 2.3 million people work in financial and related professional services across the UK, with around two-thirds of those employed in the industry working outside London.
Sam’s appointment marks the start of an enhanced partnership between TheCityUK and pro-manchester to increase industry engagement and cooperation in the North West. pro-manchester is a business development organisation based in the heart of Manchester that aims to enable individuals to expand their network and build powerful partnerships. This partnership follows the renewal of the 2016 Memorandum of Understanding (MoU) between TheCityUK and pro-manchester in February this year.