London-based investment manager Downing LLP today announces that it will be setting up a new office in Cardiff that will form a technology centre for the company. Downing will lease the new office space at Park Place, which will house a team of developers, customer service operators and other operational staff. The new Downing tech hub is planned to open in July.
Tony McGing, CEO, Downing, comments:
Downing LLP is an investment manager with over £1 billion in funds under management. Over the last 30 years it has raised funds from over 35,000 investors. The company helps UK businesses grow by investing in them via a wide range of tax-efficient investments including Venture Capital Trusts, Enterprise Investment Schemes, inheritance tax products and Individual Savings Accounts. Downing has raised over £1.7 billion into businesses across a range of sectors, from energy, care homes, health clubs pubs and children's nurseries to technology and e-commerce.
Kyle Augustin, Chief Technology Officer, Downing, says:
Downing currently has a 10-strong presence in a small rented office in Cardiff but is planning to increase this to 25 over the next few years as it expands its operations from its new premises.
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Jean Birrell, Downing LLP