CYBG announces plans for new Glasgow Head Office

CYBG, owner of Clydesdale Bank, has announced its plans for a new Head Office, based in Glasgow, signing a lease on office space to be built on Bothwell Street.

The move demonstrates the Bank’s long-term commitment to the city and supports its view that Glasgow is a key location for the financial services industry.

Currently, CYBG employees are located across three different sites – including in its current Head Office in St Vincent Place, in the Guildhall in Queen Street and Granite House in Stockwell Street – as well as a number of smaller sites in other premises in the city. With leases due to expire in the next few years, it presented the business with an opportunity to review the property portfolio and consider a new approach. Moving to a single, city centre location will improve the working environment for employees, but also enable colleagues to work closer together and enhance the service the Bank can provide to customers.

David Duffy, CEO of CYBG, said: “Glasgow is the historical home of Clydesdale Bank, which is why I am delighted to announce our plans to continue to operate in the city for many years to come. 

“Glasgow has a vibrant business community and a thriving financial services community, which we enjoy playing an active part in and there is no question about the benefits having all our city centre employees in one central location, in the heart of the financial district. 

“The wealth of talent in this part of the country is exceptional, with highly regarded education and training institutions on our doorstep - the new office will improve our operating environment, helping to retain and attract talent.  We are also embracing technology and innovation and this has allowed us to evolve the way we work across all parts of our business. Our physical environment is an important element of that and this has been an opportunity to review our office space and consider if there are ways we can work better. Our new Head Office will offer more flexibility and value for money, while also ensuring our organisation is fit for purpose, both now and in the future.”

The building will be fitted to a bespoke CYBG layout and employees will be involved in the design and specification to ensure it meets the needs of the business.

David added: “We have quite a few details to work out over the next few years, but we wanted to let our colleagues, customers and the city know about our future plans. It’s an exciting development for CYBG; we became an independent Bank again just over two years ago and we are encouraged that the business continues to go from strength to strength. This announcement reaffirms our commitment to Glasgow and to Scotland.”

CYBG

CYBG PLC is a full-service bank focused on UK consumers and small and medium-sized enterprises (SMEs) and operates under the Clydesdale Bank, Yorkshire Bank and B brands.  We serve nearly three million customers through an omni-channel model of online, mobile and telephone banking, together with a network of 169 branches and 40 business banking centres, mostly in the UK’s economic heartlands of Scotland, the North of England, the Midlands and London.

We are committed to being at the forefront of innovative banking which delivers an experience that is useful, simple and rewarding. Our current three year £350 investment programme will see us investing in new services through our award-winning digital banking platform to ensure we are best placed to serve our customers’ needs both today and tomorrow.

Our intuitive, mobile app-based banking service B was launched in 2016 offering a range of interactive tools designed to give customers greater control of their money wherever they are.  B will grow and adapt to meet changing customer demands, with new products, services and functionality introduced on an ongoing basis. For further information, please visit www.youandb.co.uk