Financial services has played a major part in Scotland’s economy for over 300 years, being a leading financial services centre in Europe and the second largest financial hub in the UK after London. There has been considerable growth over the past decade and the sector now contributes to around 8% of the Scottish economy. This is turn has resulted in a growth on the directly related service sector, with recruitment playing a pivotal part in a sector that directly employs over 90,000 people and indirectly employs around 70,000.
Scotland is particularly recognised for its strengths in Banking, Life Assurance and Pensions (over 25% of the UK’s employment), Investment Management and more recently Investment Operations, but also has a considerable presence in General Insurance and Corporate Finance. There are many well known local, national and internationally recognised names in the Scottish market including, Standard Life, RBS, Scottish Widows, Barclays, Morgan Stanley, JP Morgan, HSBC, Baillie Gifford, Blackrock and National Australia Group.
The financial services industry in Scotland has a strong reputation for innovation and excellence and is continually demanding a strong blend of fresh and experienced talent from recruiters, with technology now playing a major role in may hires.
If you are an experienced Financial Services recruitment professional from any of these areas or experienced in another sector and just wanting to discuss a transition to this sector, please contact us to discuss opportunities.