STAFF at Baillie Gifford’s Edinburgh office are reportedly facing job losses
The global investment firm – which has 11 offices worldwide including in Edinburgh – is repositioning some of its 1600 international workers, leading to the loss of less than 50 jobs.
This includes the Edinburgh office, according to the Times.
“There are huge opportunities for growth in the United States, Europe and Asia, including in marketing,” partner Chris Murphy said.
“There is an evolution away from the traditional corporate DB [defined benefits] pension structure as this moves towards maturity, so the intermediary market, the route to the individual saver, becomes a bigger market."
Murphy added: “Genuinely, this sits heavily with us as partners because part of our stability is that people stay here for a long time."
“It’s a wonderful place to work. Making decisions like this is difficult but it’s the right thing for us to be doing.”
