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State Street to create 90 jobs at Edinburgh hub Company sees city as key for finance

US financial services giant State Street yesterday underlined its commitment to Edinburgh with the launch of a European "centre of excellence" for cash servicing which will boost its workforce at its Ferry Road site from 750 to 840.

The new European hub will handle cash servicing for the pension funds, life assurance companies and asset managers for which State Street provides investment administration and custody functions.

The Scottish Government said that economic development agency Scottish Enterprise and inward investment arm Scottish Development International had “worked with the company to support its growth plans in Edinburgh”.

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