Scottish Financial Services Awards 2014



Tesco Bank is the winner of the Scottish Financial Services Awards 2014, sponsored by EY. The company was recognised for launching their current account and consolidating their position as a leading bank in the UK, employing 4000 people, most of these in Scotland.

Tesco is the first bank to win the award since it was established in 2010 and fought of stiff competition from four other nominees – Ashurst, Aberdeen Asset Management, the Library of Mistakes and Hymans Robertson.

Receiving the award at SFE’s annual dinner in Glasgow last night, Benny Higgins, Chief Executive of Tesco Bank said:

“Tesco Bank set out in late 2008 to be a bank that served customers differently. A bank that was different from established banks. A bank that focused on the importance of transparency, enduring values, and rewarding loyalty. Today we serve 6 million customers, and their well-being is our highest priority. This award reflects the exceptional progress that has been achieved through the hard work of all our colleagues at the bank.”

Presenting the award, Peter Wallace, head of financial services at EY Scotland said:

“The award is testament to the phenomenal growth and success enjoyed by Tesco Bank over the past few years and an indication of the impact new entrants are making on the retail banking market. Tesco Bank exemplifies the innovative spirit required to shake-up the status quo and its ambitious investment strategy should see it solidify its leading position among the sector’s bright new providers.”

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The other finalists were:


Nominated for continued success in international markets and becoming the largest listed fund manager in Europe with, since the takeover of SWIP, more assets managed in Edinburgh than in any other location.

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Nominated for being the first international law firm to open a legal sourcing and business support services operation in Scotland, creating over 150 new roles in under 12 months.

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Nominated for almost 100 years of sustained growth and innovation, from being established in Glasgow in 1921, to being one of the UK’s leading independent actuarial and investment consultancies today.

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Nominated for creating an imaginative addition to Scotland’s financial culture, contributing intellectual depth and a touch of ironic humour to the serious business of learning from mistakes.

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