A SWISS banking software firm is to create hundreds of high-skilled jobs in an investment package for Scotland worth up to £15 million.
First Minister Alex Salmond announced the scheme, which will see the jobs created at a new development centre in Edinburgh for Zurich-based Avaloq, a specialist provider of software to banks and financial institutions across the world. Mr Salmond, speaking at the launch of the scheme, said Avaloq's decision to base itself in the Scottish capital was "testament to the high quality of Scottish education" and enhanced the strength of the city's international reputation for finance and IT services.
He said: "I take great pleasure in welcoming Avaloq to our capital city and this is exactly the sort of investment that's welcome.
"This is a substantial number of training positions being created by a well-respected international software company, whose solutions are used by dozens of banks in more than 20 countries worldwide."
Mr Salmond added Scotland and Switzerland "have a great deal to offer" by working together on investments such as the Avaloq plans for an Edinburgh base.
Mr Fernandez said: "A key factor in our success story has been people, people and people. We have found the right people here in Scotland. It's very important to have the best engineers in the world."
Simon Kauth, Avaloq head of development for Scotland, said: "People may ask themselves why move to Edinburgh when there are so many other places to go.
"We thought about Brazil and the Philippines, but we decided to go to Scotland.
First Minister Alex Salmond announced the scheme, which will see the jobs created at a new development centre in Edinburgh for Zurich-based Avaloq, a specialist provider of software to banks and financial institutions across the world. Mr Salmond, speaking at the launch of the scheme, said Avaloq's decision to base itself in the Scottish capital was "testament to the high quality of Scottish education" and enhanced the strength of the city's international reputation for finance and IT services.
He said: "I take great pleasure in welcoming Avaloq to our capital city and this is exactly the sort of investment that's welcome.
"This is a substantial number of training positions being created by a well-respected international software company, whose solutions are used by dozens of banks in more than 20 countries worldwide."
Mr Salmond added Scotland and Switzerland "have a great deal to offer" by working together on investments such as the Avaloq plans for an Edinburgh base.
Mr Fernandez said: "A key factor in our success story has been people, people and people. We have found the right people here in Scotland. It's very important to have the best engineers in the world."
Simon Kauth, Avaloq head of development for Scotland, said: "People may ask themselves why move to Edinburgh when there are so many other places to go.
"We thought about Brazil and the Philippines, but we decided to go to Scotland.
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