A BANKING giant has announced its UK headquarters - and around 1,000 staff - will be moving to Birmingham.
HSBC confirmed the bank will be moving to the West Midlands in 2017 from its current base in Canary Wharf.
The move will take place before January 1, 2019, the deadline for when investment banking operations have to be separated from personal and business banking.
HSBC said it had consulted with unions and was committed to supporting employees throughout this process.
Antonio Simoes, chief executive of HSBC UK, said: "We want to be the bank of choice in the UK.
"Creating our ring-fenced bank head office in Birmingham gets us a step closer to that ambition for our 16 million personal and business customers.
"We have a strong track record of establishing banks outside of London, with first direct in Leeds and M&S Bank in Chester both recognised for great customer service.
"Birmingham City Council has worked hard and significantly invested to make the city an attractive home for UK businesses and their employees."
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