PwC to hire 100 people in Edinburgh and Glasgow financial services operations

The company said its recruiting drive comes as the financial services industry “sets to accelerate its digital transformation.”

PwC, which currently employs more than 300 people in financial services at its offices in Edinburgh and Glasgow, is expanding its range of services to support a sector that is worth some £13 billion to the Scottish economy.

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The additional jobs also represent a 10% increase in the company’s total workforce in Scotland.

Fraser Wilson, head of financial services for PwC Scotland, says the pandemic has forced the financial services industry to accelerate the pace at which it needs to change.

This growth in the largest sector of Scotland’s economy is driven by digital transformation, fintech – financial technology – disruption, the move to net zero and recovery from the pandemic, the company noted. When combined, they represent a “huge opportunity for Scotland, its people and their skills”, he added.

PwC’s decision follows a recent report by the Financial Services Skills Commission, which indicated that skills gaps are widening in the sector.

Fraser Wilson, Head of Financial Services for PwC Scotland, said: “Like many industries, the pandemic has forced the financial services sector to accelerate the pace at which it needs to change.

“Technology and the race to net zero have fundamentally changed the way the industry thinks and our role at PwC is to help enable this transformation.

“The demand for this runs through our entire business and that is why we are recruiting over 100 new people to work at all levels.

“The Scottish financial services sector plays a fundamental role in the economy,” he added.

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