Morgan Stanley is to create 600 new jobs in Glasgow, in addition to the 770 staff the company already employs in the city. An RSA grant of 6 million will support the company’s plans to grow its Finance, Operations and Technology support functions already based in Glasgow.
“Morgan Stanley’s decision is excellent news not just for Glasgow, but for the Scottish economy as a whole.” says, the First Minister, Alex Sammond, “We are determined to move Scotland into the fast lane of economic growth and announcements such as today’s show what can be achieved. This is an important day for financial services in Scotland.”
The new jobs are a result of Morgan Stanley expanding its Institutional Securities and Global Wealth Management (GWM) support services in Glasgow. Among the new high quality positions on offer are those for managers and analysts in the areas of finance, operations and IT.
“Glasgow is one of the leading financial centres in the UK, with an impressive pool of talent and a dynamic economy.” says David Nicol, Chief Administrative Officer of Morgan Stanley in Europe, “We are delighted to be announcing another significant expansion of our presence there, further underlining our strong commitment to Scotland.”
“This is a great success in what has been another remarkable year for Glasgow’s International Financial Services District and the financial services industry in Scotland as a whole.” says Martin Togneri, Chief Executive of Scottish Development International.