UBS Wealth Management opens new Edinburgh office as it targets doubling of Scottish presence

UBS Wealth Management has announced a significant investment in its Edinburgh business where it is seeking to double its headcount.

The Swiss firm said the move is driven by “exceptional growth across the whole Scottish region”, having seen its Scottish team grow from five employees to 16 in recent years.

UBS said it now expects to expand this to 30 people over the next two years and will move from its current office at 8 Wemyss Place in the capital to 1 St Andrew Square by May 2018 where it has signed a 10-year lease.

Jonathan Brown, head of regions, UBS Wealth Management, said: “While others see a Brexit-shaped cloud of uncertainty hanging over the UK economy, UBS Wealth Management is looking ahead with confidence. We are steadfastly committed to continuing the growth in our UK regional footprint. We’re p

roud to already have the largest regional presence of any global wealth manager in the UK.

Debjani Raffan, Scotland regional head, UBS Wealth Management, said: “Scotland is brimming with successful entrepreneurs and businesses. Our team has been doing a fantastic job of supporting these individuals and families from wealth creation and beyond. We are now at the point where we need to scale up substantially and ensure we can continue helping clients in the region meet their financial goals.”

Other occupants of St Andrew Square include Standard Life Aberdeen and Rathbones.