Virgin Money to base new HQ in Edinburgh

07/09/2010

Virgin Money has confirmed plans to base its new operations centre in Edinburgh from next year. The move will create 200 posts initially, with further jobs expected as Virgin expands into the UK retail banking market.

The company has been based in Norwich since being established in 1995 as a joint venture between the Virgin Group, founded by Richard Branson, and Norwich Union. It already runs offices in London and Edinburgh, although there are currently only 60 staff in the Scottish capital.

Virgin Money spokesman Scott Mowbray has said: "Clearly in Edinburgh there is a fantastic pool of talent in banking and financial services and it makes sense to tap into that. As we grow to become a fully operational bank, Edinburgh will be the engine of growth for the bank." He added: "We intend to start staffing up in March/April in order to deliver banking services to our customers later in the year."