PwC is creating 300 new jobs in Cardiff in another significant boost for the city’s professional and financial services sector. The expansion of its current operation follows recent job creating announcements by digital banks Starling and Tandem in the capital.
The professional advisory firm, which currently employs 450 in the city, is recruiting for a wide range of roles to support the delivery of large scale operational and managed service solutions - including supply chain and operations specialists, technologists, project managers, data scientists and graduate roles.
Much of the recruitment, which the firm will deliver over the next 18 months, will focus on the firm’s cloud centre of excellence, which has a particular emphasis on cloud modernisation and transformation. To support its new recruits the firm has taken a further 10,000 sq ft of office space in the centre of the city at the 1 Kingsway building.
Stuart Couch, market senior partner for PwC in Cardiff, said: “Building diverse teams, with a variety of backgrounds and experiences, is something that we consider business-critical; it’s how we ensure we are well-placed to help our clients build trust and deliver sustainable outcomes. By investing in growing our regional presence, we ensure we can pick from a wider, and more diverse, pool of talent. I’m very excited to open the new floor, which will enable us to create hundreds more of the sort of high-skilled digital jobs of the future which will help fuel the next phase of Wales’ growth.”
The firm’s Cardiff office is also home to PwC’s established teams in audit, tax, consulting, deals and risk - and its global centre of excellence for ethical jacking. The firm has a lease on its now increased office space at 1 Kingsway until 2026. It has been linked to investing in larger office space in the city with options including the proposed Ledger office scheme at Rightacres’ Central Quay development - on what was the former Brains Brewery site immediate behind Cardiff Central Station - and the nearly-completed John Street office scheme from JR Smart next to its existing Capital Quarter scheme.
The expansion by PwC comes as fast-expanding digital bank Starling is creating a further 150 jobs in Cardiff, which will take its workforce in the city to 1,200. The fintech venture, which now has three million customers in the UK and is likely to float on the London Stock Exchange over the next two years, originally committed to creating 400 jobs when unveiling its office investment in the city– at Brunel House– back in 2020.
In another boost to Cardiff’s fintech sector digital bank Tandem Digital is creating 100 new jobs. The challenger bank currently employs 70 in the city. Tandem said the expansion will provide a base for its motor finance business and a centre of excellence for its wider lending operations. It is current located in serviced offices on Cathedral Road. However, it is committed to moving to large offices, around 13,000 sq ft, in the city centre at a yet to be disclosed location. Earlier this month cyber-security firm Kocho opened a new office in Cardiff in an investment that will create 40 new jobs and support plans double revenues over the next five years. The professional and financial service sector is one of the fastest growing in the Welsh economy, with a workforce of around 150,000.
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