Alliance Trust has won a £1.95m grant from the Scottish Executive that will support its plans to expand its pensions, asset management and investment dealing businesses over the next three years.
The grant will support plans to create a further 160 new jobs in Dundee and build a large, modern headquarters in the centre of Dundee.
Alliance Trust said the grant will enable it to strengthen its commitment to the city, where it has been based since 1888.
Chief executive Alan Harden says: “Alliance Trust is going through a really exciting period of growth. In the last year, our pensions business has become one of the country’s top Sipp providers, we have launched an asset management business and we have started rolling out a great new online service for investors which includes share dealing.
“We wanted to keep Dundee, our historic home, at the heart of this expansion because the city has always defined our independent spirit and provided so many of our talented and dedicated staff. This grant from the Scottish Executive will support our plans, enabling us to expand in Dundee as we build a first-class headquarters that reflects our standing as one of Scotland’s leading companies.”