Jobs add up at stockbrokers

The Hargreave Hale site at Whitehills
The Hargreave Hale site at Whitehills
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A Blackpool stockbroker is set to create 20 news jobs with many more in the pipeline as it confirms expansion plans.

Hargreave Hale, based at the Whitehills Business Park, has seen huge growth over the past few years and is now having a new 20,000 sq ft office building built close to its existing base.

The firm, founded in 1897 was transformed in 2001 when South African bank Investec bought into it and has seen its funds under management rocket to £4.8bn. The company expects that to pass £5bn in the near future.

Stuart Brooks, joint managing director, said: “That has doubled in the past two years. In that time we have taken on 40 new staff and we are now at 210 across all our centres . We are expecting to add another 20 by the end of March.

“The new office now under construction has the capacity to add another 100 staff here in Blackpool and we expect to fill it as our business grows.

“So we are now looking for high quality staff. They don’t all have to have an accountancy background, we are taking people straight from school or college.

“Some of our best staff came to us from school and we have trained them up ourselves for their various qualifications. We are supporting staff at the moment towards their accounting technician qualifications and we are keen to develop a modern apprenticeship programme.

“Our strategy is to grow. Profits this year are £4.6m compared to £4.7m last year, the fall being due to investment as the business expands.

The firm has offices nationwide with the latest opened in Nottingham in February and one set for Norwich in August.