HSBC to open new Edinburgh site

Banking major HSBC has underlined its commitment to Scotland with the opening of a further Edinburgh site that can house up to 400 people.

Picture: PA

Due to open in January, the new office will accommodate the group’s expansion plans north of the Border, where it already has more than 3,700 staff.

The Lochside Avenue operation, at Edinburgh Park, to the west of the city, will complement HSBC’s existing offices at Lochside Way and Lochside Place on the same business park site.

More than 1,200 employees already work in the capital and the bank said it was looking to expand this number over the next couple of years. It has already increased its employee base in Scotland by 10 per cent over the past 18 months, with staff working across a range of different business areas and functions.

Alison McGregor, chief executive of HSBC in Scotland, said: “HSBC has a clear role to play in supporting the growth of the Scottish economy. We are committed to helping businesses of all sizes grow both internationally and domestically, and helping individuals achieve their ambitions.

“Edinburgh is a dynamic city with a strong financial services industry and a highly skilled workforce. We are delighted to be expanding our presence in Edinburgh with the opening of our new Lochside Avenue office.”