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Business

Isio secures new office for Birmingham team

Former pensions practice of KPMG has agreed a deal on 10,000 sq ft at No. 1 Colmore Square

Isio has agreed a new office deal at No. 1 Colmore Square in Birmingham

A financial consultancy has opened a permanent office in Birmingham city centre.

Isio, which was formerly KPMG's pensions practice, has now moved to a new 10,000 sq ft base in No.1 Colmore Square where 130 staff will be housed.

While the design and build has been taking place of the new Birmingham office, its team in the city has been using temporary space.

The move follows the acquisition of a network of eight offices across England and Scotland.

The company, which provides º£½ÇÊÓÆµ pensions advisory and investment services, was formed out of a private equity-backed management buyout of KPMG's pensions consulting unit and was launched in March 2020.

Matt Collinson, Isio regional lead for the Midlands, said: "Following lockdown, most businesses are going back into the office but we are in the exciting position of launching the next chapter in our journey in the heart of Birmingham's business district.

"We're a people-focused business so it's vital that we have a space to start seeing our teams and clients in person again.