The new customer service centre, which has received a £5m grant from the Scottish Government, will be based in central Glasgow and will manage customer sales and service for Tesco Personal Finance.
Tesco Personal Finance chief executive and former HBOS chief executive of retail banking Benny Higgins says: “We are delighted to announce the establishment of a key customer service centre in Glasgow and our focus will be on serving customers well.”
The operations centre is due to open in the first half of 2010 and will migrate its existing customers before the end of 2011.
The move has been backed by the Government. The Chancellor Alistair Darling says: “This is a strong vote of confidence in Scotland’s financial services industry from one of the UK’s leading companies. And it shows that even at this difficult time, the Scottish and wider UK economy is still creating high quality jobs.”