BNP Paribas Securities Services to Recruit 80 New Posts in Glasgow
The new jobs are the second tranche of a five-year plan to recruit 370 new posts in Scotland after BNP Paribas was awarded Regional Selective Assistance of £3.7million in 2007.
BNP Paribas provides out-sourced fund administration and accounting services to asset managers and financial institutions worldwide. The new jobs will be across a number of areas within the bank’s operations, from administrator through to senior manager level.
Margaret Lees, Head of BNP Paribas Scottish Operations said:
“BNP Paribas is committed to growing its business in Scotland and continues to strengthen its presence in Dundee and Glasgow. We are very pleased with the level of interest we have already had in regards to the positions on offer, as well as the calibre of applicants available. BNP Paribas Securities Services is part of one of the strongest banking groups in the world which offers potential employees exceptional opportunities.”
Jim Mather Minister for Enterprise, Energy and Tourism said:
“This is encouraging news, a welcome boost for Glasgow and a vote of confidence for the Scottish economy at a time when we are all facing the unprecedented challenges of the global downturn.
“Regional Selective Assistance enabled BNP Paribas to go ahead with their expansion in the first place and I am delighted that it now means the company are able to continue recruiting. These 80 new jobs are testament to the enduring skills of the Scottish workforce. This Government will continue doing all we can to support people into work – in particular through our economic recovery programme, which is helping businesses through the current economic difficulties.”
Jack Perry, Chief Executive of Scottish Enterprise, which has worked closely with the bank, said:
“BNP Paribas’ continued commitment shows that despite recent events within the global economy, Scotland continues to be an attractive location for international companies operating in the financial services sector. This investment will enhance Scotland’s reputation as a centre for financial services excellence, built on factors such as the skills of our people, a competitive-cost base and a well-developed business infrastructure.”
About BNP Paribas
BNP Paribas is a European leader in global banking and financial services and is one of the 3 strongest banks in the world according to Standard & Poor’s. The group is present in 85 countries, with more than 171,000 employees, including 131,000 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank’s two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.
Find out more about BNP Paribas on their website
About BNP Paribas Securities Services
As a wholly owned subsidiary of BNP Paribas, BNP Paribas Securities Services is the world’s highest rated custody bank (Standard & Poor’s AA+). With €3.6 trillion assets under custody, €739 billion assets under administration and close to 6,000 funds administered*, BNP Paribas Securities Services is the eurozone’s leading securities services provider.
Find out more about BNP Paribas Securities Services on their website
Operating across the investment cycle, the Bank has a local presence across 25 countries and global coverage of over 100 markets, offering a one-stop shop for all asset classes, both onshore and offshore, across the globe.
*figures as at September, 2008
BNP Paribas Securities Services in Scotland
BNP Paribas Securities Services was established in Scotland in 2002. The Bank has offices in Glasgow and Dundee, making Scotland the Banks' centre of excellence for out-sourced fund administration and accounting services. Our offices in Scotland currently employ over 300 people with recruitment activity ongoing.