A natural home for financial services
With history, innovation and great people on our side it's no wonder that top global firms still choose to set up home in Scotland's financial services industry.
Scotland's commitment to excellence in financial services can be traced back centuries.
BlackRock in Scotland
We have made a firm commitment to expand our operations in Edinburgh and look forward to the next stage of our development
Stewart Carracher, BlackRock
The Bank of Scotland and Royal Bank of Scotland date back to the 17th and 18th centuries, the Chartered Institute of Bankers in Scotland was the world's first professional body for bankers and the oldest professional accounting body in the world, The Institute of Chartered Accountants of Scotland (ICAS), was founded in 1854.
It's a rich history and we're rightly proud of it.
But we're even prouder of the way Scotland's financial services industry continues to innovate and lead the world.
Today our financial services sector employs over 91,000 people directly and another 70,000 indirectly.
That's a lot of experience and excellence to draw on - and our strong university sector produces more high quality graduates in relevant disciplines every year.
And our people are just one of the reasons financial services companies still choose to invest in Scotland.
They're also attracted by:
- A low risk option
- One of the lowest tax rates in the European Union
- Lower staff turnover
- High quality property at lower cost
- Extensive broadband telecommunications
- Excellent quality of life
Get support to invest in Scotland
JP Morgan in Scotland
Visiting colleagues are pleasantly surprised at the variety of work done in the Glasgow office, and the capability of the staff. What comes across most is the enthusiasm, commitment and quality of the staff - at the end of the day, that's what makes the difference.
Paul Murphy, JP Morgan
We're committed to supporting the financial services industry in Scotland and prospective inward investors will find a business environment that suits their needs.
As well as lower costs and a competitive tax regime you can also count on a range of support from SDI and our partners.
That support can include finding the right location, making the right contacts and attracting the right staff.
We can also offer financial assistance to inward investors through services like our Regional Selective Assistance (RSA) funding, training grants or funding to support new products and services.
And you don't just need to take our word that investing in Scotland is the smart move.
Financial services companies from across the UK, Europe and the rest of the world are already discovering the benefits of doing business in Scotland:
"State Street has for many years recognised Edinburgh as a key financial centre and for the high calibre talent pool that exists within the financial services industry across Scotland. State Street has recently won a number of large mandates with large UK clients and Edinburgh will play a key role in servicing these."
"We see Scotland as a centre of excellence in fund administration. We are delighted with the knowledge and capabilities of staff in our Dundee and Glasgow offices and the integration of these operations into our UK business has been excellent."
- Philippe Ricard, BNP Paribas
"Glasgow is one of the great financial centres of the UK, with a vibrant, dynamic population and economy. We are very pleased to be expanding our established presence there, further underlining our strong commitment to Scotland."
- David Nicol, Morgan Stanley
Are you ready to join us?
From our talented people to the range of SDI support, there are so many great reasons to invest in Scotland.
You know about Scotland's rich financial services history - investing in Scotland today will guarantee you a part of our strong financial services future:
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