Edinburgh, Fife & East Scotland

BlackRock to create 250 new jobs in Edinburgh

A US money management firm has announced plans to create up to 250 new jobs in Edinburgh.

BlackRock said it proposed to more than double the size of its workforce with the expansion of its offices in the Scottish capital.

It will have more than 450 staff in the city by the end of 2011.

Finance Secretary John Swinney welcomed BlackRock's commitment to expanding a number of its investment management support functions in Edinburgh.

The company has about 9,100 employees in 25 countries.

Mr Swinney said: "Scotland has a strong reputation for financial services excellence and BlackRock's plans to double its Edinburgh workforce is testament to the talents and quality of the local workforce.

"The biggest names in the industry continue to choose Scotland for finance because it has the infrastructure, experience and skills to deliver success."

Anne MacColl, chief executive of Scottish Development International, said: "BlackRock's ongoing commitment to Edinburgh sends a clear signal that Scotland continues to be an attractive location for international companies operating in the financial services sector."

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