First Minister welcomes 400 financial services jobs

25 Oct 2010

Vertex has announced that it is to create almost 400 jobs when it opens its new centre of excellence at Atlantic Quay in Glasgow's International Financial Services District.

First Minister Alex Salmond has welcomed plans by Vertex Group to create a centre of excellence in Glasgow to handle outsourced financial services contracts, supported by £1.7 million Regional Selective Assistance from government.

The project will create 368 new jobs at Atlantic Quay. Recruitment for the first phase of the project will start before the end of the year. In addition, Vertex has long-term ambitions to bring additional business to the centre.

The new jobs include 200 announced last week by Tesco Bank.

The First Minister said:

"I'm delighted that the Vertex Group is expanding its operations in Scotland. The creation of 368 new quality finance jobs is great news for Glasgow and a testament to Scotland's reputation for financial services excellence. Vertex has two well-established sites in Forres and Dingwall and the Company's decision to move into Glasgow's thriving International Financial Services District is very welcome.

"I'm pleased that we have been able to support the plan for the Centre of Excellence through an RSA grant of £1.7 million from Scottish Enterprise. The Scottish Government will continue to work with Scottish Enterprise and Scottish Development International to deliver jobs and investment across the country."

Paul Sweeny, CEO, Vertex Group said:

"Scotland's enviable track record in the financial services sector is well known. We're delighted that we're able to continue to be part of this success and to contribute to the creation of further roles in Glasgow. Today's announcement not only signals our firm commitment to the city but it also highlights our longer-term ambition to tap into Scottish talent to further expand our centre of excellence."

Anne MacColl, interim chief executive, Scottish Development International, said:

"By providing RSA funding we can proactively encourage both Scottish and international organisations to invest in Scotland, continuing our mission to create new jobs and build a stronger, more globally competitive Scottish economy.

"This is a fantastic jobs boost for Glasgow and it is very encouraging to see an RSA award going towards creating a financial services centre of excellence. Scottish Development International is committed to working with Vertex in the future to further strengthen its presence in Scotland."

Source: Scottish Enterprise press release