The move by the group will physically bring its Glasgow teams together in a single, modern, location that will support its growth plans in Scotland. Created by the merging of Tilney and Smith & Williamson, the group has deep roots in Glasgow with Smith & Williamson having been founded in the city in 1881.

The firm, which looks after £52.7 billion of assets for its wealth management clients and £10bn for its fund governance and administration clients, is taking 30,000 sq ft of space at 177 Bothwell Street, making it the second largest office in the group after its new headquarters in Gresham Street, London.

Some 350 staff will move into the new premises from two existing office locations in St Vincent Street, while the space agreed will also allow for further expansion and provide first-class meeting facilities for clients. The 177 Bothwell Street development has been designed to meet high standards of environmental sustainability and efficiency, supporting the group’s commitment to achieve Net Zero greenhouse emissions in its corporate organisational footprint.

Paul Frame, regional managing partner for Scotland and Northern Ireland at Evelyn Partners, commented: “We are excited to have agreed terms for 177 Bothwell Street. Our new offices will provide a first-class working environment for our staff based in Glasgow and supports our ambitious plans for continued expansion in Scotland.

“The building’s location in the city centre, close to excellent transport links, makes it convenient for our clients to meet with our specialist teams and attend events.”

Neil Coxhead, chief executive of Evelyn Partners’ host ACD and fund administration business, added: “Our host ACD and fund administration business has its centre of excellence in Glasgow and the new office allows us to keep pace with our expansion plans.

“177 Bothwell Street will provide a great city centre location and modern working environment for our teams that supplies specialist services to the UK funds industry.”