HSBC creates 500 new Scottish jobs

First Minister Nicola Sturgeon with Alison McGregor, chief executive of HSBC in Scotland

HSBC creates 500 new Scottish jobs

HSBC is expanding several functions of its Scottish operations, in a move that will increase its headcount in the country to 4,500.

The creation of these new roles is HSBC’s third expansion programme in Scotland in the past three years.

The recruitment drive will grow HSBC’s global risk function, which was established in Edinburgh in 2015. It will also fill new roles in its Centre of Excellence for Customer Contact in Hamilton. A range of other business functions in Scotland will also benefit from the expansion programme.

First Minister Nicola Sturgeon, who visited HSBC’s Global Risk operations in Edinburgh today, said: “HSBC’s expansion with the creation of 500 new jobs across Scotland is fantastic news for the economy. This is testament to our skills and expertise and builds on HSBC’s significant business presence here.

“Scotland remains open for business and this announcement further demonstrates our position as a prime location for investment and growth.”

The announcement comes days after HSBC increased the size of its SME Fund in Scotland to £500 million in an effort to meet rising demand for investment capital from Scottish businesses.

Alison McGregor, chief executive of HSBC in Scotland, said: “This expansion programme spans different locations, skills and disciplines, supporting lots of communities in different ways. We are absolutely committed to helping businesses and individuals to achieve their ambitions. The successful establishment of our global risk function demonstrates that Scotland has the talent we need and HSBC is a place that talented people want to work.”

“This is our third year of significant expansion in Scotland. The new roles announced today and the launch of our largest ever SME fund for Scottish businesses are part of our commitment to support the growth of the Scottish economy.”

All four of HSBC’s global businesses are represented in Scotland, including Commercial Banking; Global Banking and Markets with HSBC Securities; Retail Banking and Wealth Management; and Private Banking, plus a range of service businesses.