Barclays brings 600 new jobs to Glasgow

UK banking institution Barclays recently announced its intention to create up to 600 new positions in the Glasgow area as it finalises its plans to open a new wealth management and investment banking operational centre.

The new move by one of the best business bank account providers in Britain will increase the amount of people employed by Barclays in the northern UK city to in excess of 2,000 staff and has the support of economic investment agency Scottish Enterprise to the tune of £6.5 min funds from their Regional Selective Assistance programme.

Ian Axed, operational head of both Barclays Wealth and Barclays Capital, commented on the new collaborative efforts between the banking group’s wealth management and investment banking divisions, stating that there is a great deal of excitement regarding the developments, which will reflect positively for the banking groups staff, clients, and new prospective employees both for Glaswegians and for the whole of Scotland as well.

The announcement in regards to new new job opportunities in the geographical region will offset some of the redundancies in Scotland that had been brought about by the bleak financial landscape, most particularly by the Royal Bank of Scotland‘s recent job cutting measures.

RBS has been quite unfortunate in the past few weeks, first having been ordered by the EU to sell off in excess of 300 branches in a punitive measure for taking UK taxpayer bailout funds, and also announced its sale of its payment processing company WorldPay in an attempt to generate revenue for the bank.

In related job loss news, Standard Life also announced role eliminations of up to 500 positions just this past week, the investment company’s Edinburgh offices feeling most of the heat.

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