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Edinburgh's financial services sector

Clydesdale Bank Plaza

Europe’s Best Mid-Sized City of the Future and Best Mid-Sized City for fDi Strategy 2014/15 (FT, fDi Magazine), Edinburgh is the UK’s second most competitive financial centre, a major European centre for asset management and asset servicing and home to the Headquarters of the UK Green Investment Bank.

In world terms Edinburgh ranks ahead of Dublin, Jakarta, Prague, Bahrain, Moscow, Mumbai, Madrid, St. Petersburg and Budapest in the Global Financial Centres Index (GFCI). (March 2014)

The city employs 35,000 people in financial services and is home to two of the world’s 150 top financial services companies as ranked by Forbes.

The financial services sector of Edinburgh is extremely diverse, and the city has critical mass in banking, life insurance and pensions, asset servicing and investment management. More than 90% of all Scottish fund managers are based in the city region. It also has vibrant corporate finance, brokerage and professional services sectors.

The key assets of the sector within Edinburgh are identified as the skills base of the city, the critical mass of the sector (in terms of the workforce and business base) and the global reputation of Edinburgh for financial services.

The financial services talent pool is broad, multi-skilled and exceptionally well-qualified, with a high proportion of graduates.

The largest financial services sector companies headquartered in the city are the Royal Bank of Scotland Group, Standard Life, AEGON UK, Scottish Widows, Baillie Gifford and Tesco Bank.

The sector in Edinburgh has attracted significant inward investment, with a large number of foreign-owned companies having operations in Edinburgh.

Multinationals with a presence in the city include BlackRock, HSBC, Société Générale and the Bank of New York Mellon.

Edinburgh has a rich history of financial services innovation and can lay claim to world-changing innovations including the mortgage and internet banking.

There are attractions around the long-term brand and association of the city (Edinburgh) with financial services, the quality of life, the attraction of the city as a location and its connectivity around the world.

Willie Watt, Chief Executive, Martin Currie

In Good Company - Edinburgh's Financial Services, Inspiring Opportunity

 

 

Click on the image above to read our brochure on the strength of Edinburgh's Financial Services Sector.

© Edinburgh Brand 2014