Avaloq, a Swiss company which specialises in software for the banking sector, is to create 500 Edinburgh jobs over the next five years. At least 75 of the positions on offer will be graduate IT jobs in Scotland or graduate finance jobs in Edinburgh.
Avaloq has bases in Switzerland, France, Germany, Luxemburg, Austria, Hong Kong and Singapore. They offer software solutions to over 75 banks in more than 20 countries around the world and employ over 600 specialists in the finance and IT sectors.
The Swiss firm already have an office in the London but have now announced that they will set up a new software development facility in Edinburgh by the end of 2011.
The recruitment process to fill the first 75 graduate jobs in Edinburgh has already started and the company say they are very optimistic about the student fairs which they will be attending.
It is thought that Avaloq will fill 20 Edinburgh jobs before the end of this year and that hundreds more vacancies will be advertised over the coming years.
Chief executive of Avaloq, Francisco Fernandez, said: “Edinburgh came top of our global search for several reasons, but one of the most important factors was due to the wealth of potential graduate talent available in Scotland and the number of universities offering excellent degrees in software engineering. We very much believe in working with the local talent to grow this operation.”
First Minister for Scotland, Alex Salmond, said the announcement by Avaloq was great news for graduates in Edinburgh and other parts of Scotland and would solidify the city’s reputation as a business hub for the finance and IT sectors.
Source: E4s.co.uk, Saturday 8th October 2011
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