Edinburgh is HQ to big names like Bank of Scotland, Lloyds, Royal Bank of Scotland and the Green Investment Bank. It’s also the location of choice for retail banks like Virgin Money, Tesco and Sainsbury’s, and merchant banks Noble Grossart, the Scottish Building Society and Hampden & Co.
It’s perhaps best known, though, for its enormous insurance sector, which includes companies like Standard Life, Scottish Widows and AEGON UK, as well as the Royal London Group, the UK’s largest mutual life and pensions company.
There are major asset management and servicing providers, too. Internationals BlackRock and Franklin Templeton Investments work side-by-side with indigenous firms like Baillie Gifford and Martin Currie.
The world's 'big four' asset servicing firms — Bank of New York Mellon, Citi, JP Morgan Chase and State Street — all have operations in Edinburgh. It’s one of just seven European cities to have all four represented.
The rapidly-growing FinTech sector includes key companies like KAL and Avaloq. Deloitte’s ‘Connecting Global FinTech: Interim Hub Review 2017’ identified Edinburgh as a FinTech hub for the first time, citing the presence of The ID Co., Money Dashboard, Nucleus, Float, FreeAgent, Zonefox, Symphonic Software, Wallet Services, The Lending Crowd and Payfont.
The Review says: “The pace and scale of FinTech startups and scaleups is set to continue across Edinburgh. The next 12 months will see the emergence of a connected FinTech ecosystem in Edinburgh, and Scotland more broadly.”