Business leaders join Blake Morgan to host Lord Mayor of the City of London

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The Lord Mayor of the City of London, Lord Mountevans, has met with senior business leaders at Blake Morgan’s Central Square offices to discuss the rapid growth of the financial and professional services sector in Cardiff.

Wales’ financial and professional services sector is responsible for an economic output in excess of £2 billion. There has been significant investment in the capital over the last decade, including a £400 million regeneration investment with Legal and General earlier this year to the Central Square project, which is home to Blake Morgan in Wales and creates the capacity for a further 10,000 new jobs.

Speaking on his visit, the Lord Mayor said:

“Growing Wales’ professional and financial sector will be vital in facilitating strong economic growth across the UK. It is important for us at the City of London to continue to work closely with the regions to drive future growth and job creation.

“Wales hosts more than 159,000 workers in the financial, insurance, and professional services sectors, an increase of more than 40,000 over the last five years, and I am keen to explore how the City of London can help in creating even more top quality jobs like these across the country.

“We are engaging with the Government and EU policy makers to ensure that the interests and competitiveness needs of the UK-based financial and professional services industry are heard and recognised.

“Cardiff holds a special place in my family’s history, as the city played a vital part in facilitating the expedition to the South Pole that my Grandfather embarked upon more than a hundred years ago. I am delighted to be visiting as the UK’s spokesman for financial and professional services.”

The Lord Mayor led a discussion with business leaders and academics working in the financial and professional services industry. The business leaders discussed how Welsh financial and professional services can continue to thrive both on a UK and global scale after a short period of uncertainty following the EU Referendum.

Emyr Lewis, Senior Partner for Wales said: “We are delighted to have hosted this meeting with the Lord Mayor at our new offices in Cardiff. As a full service commercial law firm that has a firm footing in both capital cities, we understand how collaboration between London and Wales in the Financial and Professional Services sector can work to the economic benefit of both.”

The Central Square project is in the heart of Cardiff’s dedicated financial and professional services Enterprise Zone – a 140-acre site surrounding the central train station. Add to this a student population of over 70,000 across its three universities, and almost 40,000 people working in financial and professional services, Cardiff has become the destination of choice for many global firms.