PwC announced it is set to recruit more than 100 people into its growing financial services practice in Scotland.

“Representing a 10% uplift in PwC’s total headcount across Scotland, the recruitment drive comes as the financial services industry moves to accelerate its digital transformation,” said PwC.

“PwC, which currently employs more than 300 people in financial services across its Edinburgh and Glasgow offices, is expanding across its lines of service to support a sector which is worth £13bn to the Scottish economy.

“Underpinning this growth in the largest sector of the Scottish economy is digital transformation, FinTech disruption, the move to net zero and the recovery from the pandemic.

“When combined they represent a huge opportunity for Scotland, its people, and their skills.

“The move by PwC comes on the back of a recent report by the Financial Services Skills Commission, which indicated skills gaps are growing in the sector.

“With a highly skilled workforce in a number of specialist areas, professional services firms are well-positioned to help the FS industry overcome these challenges.”

Fraser Wilson, Financial Services leader for PwC Scotland, said: “Like many industries, the pandemic has forced the financial services sector to accelerate the rate at which it has to change.

“Technology and the race to net zero have fundamentally altered the way the sector thinks and our role at PwC is to help enable that transformation.

“The demand for this runs right through our business and that’s why we’re recruiting more than 100 new people to work at all levels.

“Scotland’s financial services sector plays a fundamental role in the economy helping to create sustainable business models that embrace technology and improve resilience and agility to ensure a healthy future for the industry.”