KPMG has announced on Monday that they are to create up to 400 jobs in Glasgow, the city was chosen for their second UK managed services hub.
From June 150 people will be taken on by the accounting giant, and a total of 50 staff have already been recruited.
Over the next three-years the corporate finance firm hopes to increase the workforce in Glasgow to more than 400, posts will include analysts, data gatherers and managers.
St Vincent Street is the location where KPMG has made their new expansion, it is also where the tax centre of excellence is already based.
Catherine Burnet, senior partner for KPMG in Scotland said, “Managed Services will play a key role in the firm’s growth in Scotland.
“We recognise the country has a real depth of talent feeding in from its schools, colleges and universities, as well as an established financial services sector, and we want to harness those as part of our long-term strategy.”
She added, “Managed Services is a relatively new offering and we see significant growth potential as clients across sectors increasingly have to rapidly respond to changes in regulations in areas such as finance, technology, data handling and privacy.
“Additionally, there’s a real demand for bulk data analysis, which enables organisations to make more informed and smarter business decisions in a more efficient manner.
“Managed Services effectively answers those calls by quickly mobilising large teams, using the most appropriate technologies and processes, and combines them with our specialist insight to deliver a cost-effective and quality service.
“Our latest investment follows a strong year in Scotland, where all parts of the practice delivered a positive performance.
“As of the end of our last financial year we had more than 1,050 staff in Scotland and we are committed to growing this figure with the launch of the new hub, alongside wider firm growth.”