French bank expands in Scotland

13 March 2007

French bank BNP Paribas is to expand its Scottish presence by up to 150 staff, according to a spokesperson.

The announcement from BNP Paribas, which currently employs 70 staff in Scotland, follows the bank's acquisition of 19,300 sq ft of office space in the Aurora building in Glasgow.

It is thought that the jobs will be chiefly in the firm's fund accounting and fund pricing operations.

A spokesperson for BNP Paribas said: "Scotland is a large growth location for us. Obviously the Aurora building holds a lot more people. We will be giving out more information in a couple of months. At present we are finalising the strategy.

"Scotland plays an integral part in the expansion of BNP Paribas's Fund Accounting and Middle Office Operations business," he added.

BNP Paribas' move follows JP Morgan's announcement that it is to employ another 200 staff in its European technology wing in Glasgow and news of plans from the Scottish wing of Barclays Wealth to take on a further 500 staff.

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