£2.5m boost for university fintech
DONATION FROM COMPANY FOUNDED BY FORMER STUDENT
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