£2.5m boost for uni­ver­sity fin­tech

DO­NA­TION FROM COM­PANY FOUNDED BY FORMER STU­DENT

Manchester Evening News - - BUSINESS - By SHELINA BEGUM SHELINA BEGUM [email protected] @She­li­naBegum_

THE Uni­ver­sity of Manch­ester has re­ceived a £2.5m do­na­tion from Green­sill to boost the re­gion’s fin­tech ca­pa­bil­ity.

Green­sill, a global provider of work­ing cap­i­tal fi­nance for busi­nesses, was founded by Al­liance Manch­ester Busi­ness School alum­nus Lex Green­sill.

The uni­ver­sity said fund­ing will en­able the col­lab­o­ra­tion of its aca­demics to pro­mote mul­ti­dis­ci­plinary re­search and sup­port stu­dent en­trepreneur­ship in fin­tech.

The part­ner­ship be­tween the uni­ver­sity and Green­sill will see the cre­ation of a chair in fin­tech, key aca­demic posts and PhD schol­ar­ships over the next five years to ‘drive the fin­tech agenda,’ it said.

Pro­fes­sor Dame Nancy Roth­well, pres­i­dent and vice chan­cel­lor at the Uni­ver­sity of Manch­ester, said two lec­turer posts will al­low the uni­ver­sity to ‘plan for growth in un­der­grad­u­ate and ex­ec­u­tive ed­u­ca­tion in this de­vel­op­ing field.’

“Two post­doc­toral re­search fel­lows and four PhD schol­ar­ships will also en­able us to carry out ground­break­ing re­search and help us to cre­ate strong links with busi­nesses, pol­icy mak­ers and au­thor­i­ties, po­si­tion­ing Manch­ester at the fore­front of this evolv­ing field,” she added.

Markos Zachari­adis will take on the role of chair in fin­tech as pro­fes­sor of fi­nan­cial tech­nol­ogy and in­for­ma­tion sys­tems at Al­liance Busi­ness School, which will in­volve man­ag­ing projects to build the uni­ver­sity’s fin­tech pro­file and cre­ate part­ner­ships with busi­nesses.

Mr Green­sill said: “At Green­sill we are pas­sion­ate about how fi­nance and tech­nol­ogy can change for the bet­ter the way we live and work. To that end, we look for­ward to de­vel­op­ing an ev­er­closer re­la­tion­ship with Al­liance Manch­ester Busi­ness School. “We are de­lighted to be able to give back to an in­sti­tu­tion that was so im­por­tant to the foun­da­tion of our firm.”

We look for­ward to de­vel­op­ing an ev­er­closer re­la­tion­ship with Al­liance Manch­ester Busi­ness School

Lex Green­sill, Green­sill founder

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