		<div class="wpcnt">
			<div class="wpa">
				<span class="wpa-about">Advertisements</span>
				<div class="u top_amp">
							<amp-ad width="300" height="265"
		 type="pubmine"
		 data-siteid="111265417"
		 data-section="2">
		</amp-ad>
				</div>
			</div>
		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/02/virgin-money-hq-set-for-edinburgh.jpg"><img class="alignnone size-full" title="Sir Richard Branson's Virgin Money is to open new headquarters in Edinburgh" src="http://londonglossy.com/wp-content/uploads/2011/02/min-virgin-money-hq-set-for-edinburgh.jpg" alt="Sir Richard Branson's Virgin Money is to open new headquarters in Edinburgh"/></a></p>
<p>Sir Richard Branson&#8217;s Virgin Money is opening new headquarters in Edinburgh and recruiting 300 staff under plans to become a major force in UK high street banking.</p>
<p>The group said it had secured the lease on an HQ site at 28 St Andrew Square in the largest city centre deal in Edinburgh since 2009.</p>
<p>Virgin Money, which already has around 80 staff in Edinburgh, wants to hire around 300 more to beef up administration teams as it prepares to launch a full-scale banking proposition in late 2011 or 2012.</p>
<p>It aims to start offering deposit accounts, followed by mortgages and current accounts, to rival established players.</p>
<p>Virgin Money plans to move into the new base in the summer after buying a lease on 30,000 square feet within the office property from Heineken, formerly Scottish &#038; Newcastle.</p>
<p>Jayne-Anne Gadhia, chief executive of Virgin Money, said: &#8220;We are planning to grow significantly in 2011 and needed a central location with good transport links. Scotland has a solid reputation for financial services and, of course, has highly talented and skilled people to help us grow the Virgin Money business.&#8221;</p>
<p>Virgin Money bought small regional bank Church House Trust last year to obtain a banking licence and speed up its plans to become a full-service bank.</p>
<p>The group also recently secured a £100 million investment from US billionaire Wilbur Ross, who now owns 21% of the firm. It is seen as one of the front-runners to bid for nationalised Northern Rock should the Government opt for a sale.</p>
<p>The Treasury recently hired advisers to look at its options for Northern, which include a sale into private hands, a stock market flotation or potential remutualisation.</p>
<p>Virgin Money, which has more than 2.5 million customers, was founded in Norwich in 1995 as a joint venture between Virgin Group and the then-Norwich Union. It said it will retain the Norwich office, which employs around 250, as well as sites in London and Yeovil following the Edinburgh office opening.</p>
			<div style="padding-bottom:15px;" class="wordads-tag" data-slot-type="belowpost">
				<div id="atatags-dynamic-belowpost-69e30bc37f937">
					<script type="text/javascript">
						window.getAdSnippetCallback = function () {
							if ( false === ( window.isWatlV1 ?? false ) ) {
								// Use Aditude scripts.
								window.tudeMappings = window.tudeMappings || [];
								window.tudeMappings.push( {
									divId: 'atatags-dynamic-belowpost-69e30bc37f937',
									format: 'belowpost',
								} );
							}
						}

						if ( document.readyState === 'loading' ) {
							document.addEventListener( 'DOMContentLoaded', window.getAdSnippetCallback );
						} else {
							window.getAdSnippetCallback();
						}
					</script>
				</div>
			</div>
Discover more from London Glossy Post
Subscribe to get the latest posts sent to your email.
