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Wales

  • there are around 35,600 people employed in the workforce, which represents 3% of employment in Wales
  • It contributes 5% to the Wales GDP output
  • Cardiff accounts for 37% of all employment in the country, focused on call centre work, retail banking and back-office operations, life insurance and pension funding
  • the sector is not expected to grow in the immediate future
  • the majority of financial services workplaces employ 200 or more people
  • there are around 1,800 financial service firms operating
  • SMEs make up 75% of all financial services businesses operating in Wales

Source: FSSC website 2009, FSSC The Skills Bill: Wales 2008 and Financial Services Clusters 2008