With a distinguished history in financial services which dates back over 300 years, Scotland is one of Europe’s leading financial centres, and is the second financial hub in the UK outside London.
A leading centre for banking, pensions, investment, professional services and asset servicing, Scotland’s financial services sector generates around £7 billion for the Scottish economy and manages over £800 billion of funds.
The industry is still feeling the effects of the financial crisis, which has in turn led to a loss of confidence and trust in some sectors, and new regulations at international, UK and EU levels are adding to these challenges. What’s more, the introduction of new technologies that might affect the way in which financial services are delivered to customers is increasingly becoming a concern. Therefore, it is crucial that our specialist team works closely with clients to ensure that we can continually advise them on the best course of action and deliver the best outcomes for them.
Our team acts for the majority of the banks who are active in the Scottish market, and we advise across a wide range of areas including: