Employment in the Scottish banking sector is set to get a shot in the arm with the news that French company BNP Paribas is to create new opportunities in Glasgow and Dundee.
Some 370 jobs will be made over the next three to five years and the company will be supported by a £3.7 million fund from the government's Regional Selective Assistance Grant.
Tony Solway, BNP Paribas UK spokesman, said: "We have long-established relationships with asset managers in Scotland and anticipate strong growth in our business in the coming years.
"This grant will enable us to support this growth in our operations centres in Glasgow and Dundee, accessing the local markets which are rich in talent."
The announcement by the French company follows its recent acquisition of new business premises in Glasgow's Aurora building.
Martin Togneri, the chief executive of Scottish Development International, said Scotland was fast developing as Europe's financial hotspot.
He commented: "Already half of the world's top 20 financial services companies have significant operations in Scotland and this project was won in the face of intense European competition."
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