Financial Services LMI Event September 2011 About SIO Founded by - - PowerPoint PPT Presentation

Financial Services LMI Event

September 2011

About SIO

• Founded by industry in 2001
• Trade association
• Represent members views
• Promote our industry
• Develop skills
• Member forums

Demystifying financial services

• Protects against risk

– The UK insurance industry pays out £230 million per day in pensions, death, disability and general insurance claims

• Manages savings and investments

– UK fund managers manage £3.2 trillion in assets on behalf of UK investors

Source: TheCityUK

Demystifying financial services

• Provides flexible access to banking services

– 10,000 bank branches – 64,000 ATM’s – 46 million registered for telephone banking – 33 million registered for online banking – Non cash transactions in 2010 £13.4bn (up from £4.7bn in 1990)

Source: TheCityUK

Demystifying financial services

• Provides financing for homes

– 2/3rds of the UK public own homes with mortgages

• Finances UK companies

– Since 2005 UK firms raised £445 billion from financial markets (bank, equity, debt, private)

• Invests in public infrastructure

– £53bn invested in 700 PPP projects including 140 hospitals

Source: TheCityUK

A major employer

• UK financial and

related services employs 1.9 million

• 2/3rds employed
• utside London
• 11% of total UK

income tax

• 15% of total UK

corporation tax

Source: TheCityUK

The UK’s leading export sector

Source: TheCityUK

Life & Pensions 15% General Insurance 5% Banking 52% Intermediation 13% Investment 15%

Source: Scottish Enterprise

Financial services in Scotland

• Scotland’s ranking:

Edinburgh – 9th in Europe – 32nd globally Glasgow – 10th in Europe – 33rd globally

Source: Z/Yen Global Financial Centres Index 10

Focus on investment management

Source: TheCityUK

Significance in UK & Scotland

• UK investment

management industry

• £4.1 trillion AUM
• Scotland manages

approximately 16% of this (£650 billion)

Source: TheCityUK

• Investment managers

– Global footprint and client base – Invest throughout the world – Invest in a very broad range of assets – Big brands and boutiques – Almost all Edinburgh based

Scottish industry landscape

• Wealth managers and private

banks

– Cater to wealthy individuals, trusts, charities – Wide range of services from investment to tax, trust planning, legacies and more – Well known brands – Scotland wide presence

Scottish industry landscape

• Investment banks

– Major global banks – Some other smaller players – Bulk of activity in

• perations, finance

and risk – Glasgow and Edinburgh based

Scottish industry landscape

• Brokers and advisors (intermediaries)

– Large and small players – Stockbroking – Securities trading – Spread betting – Financial advice – Scotland wide presence

Scottish investment industry

Typical career areas

Front Office Investment decision making Client management Middle Office Oversight of risk Finance Systems Back office Operations Infrastructure

People are central to the sector

Source: Z/Yen Global Financial Centres Index 10

Skills needs of the sector

• Positive, can-do attitudes
• Strong work ethic
• Good communicators
• Numeracy
• Accuracy
• Problem solving skills
• Team workers
• Customer focus
• Commercial awareness

Benefits

• Excellent training and development
• Opportunity to build a long-term global career
• Working in a fast moving global business
• Learning all the time
• Highly skilled jobs using the latest technology
• Competitive salaries and benefits

More information at: www.sio.org.uk and...