PwC has named Fraser Wilson as Head of Financial Services in Scotland, as the firm continues to build its presence in an industry worth £13bn to the Scottish economy.

A Glasgow-based partner, Fraser replaces Allan McGrath, who has led the financial services practice over the last two years.

Fraser has a long track record in financial services and will focus his energies on working with clients to help promote Scotland’s thriving financial services sector both here in the UK, and in international markets. He will also work with PwC’s wider sustainability and climate change teams to help drive the industry towards a net zero economy.

In Scotland, PwC has around 300 staff working in financial services, based in Edinburgh and Glasgow.

Having joined PwC as a graduate in 2000, Fraser has spent his whole career at PwC, including a secondment in the US, as well as working overseas on a number of major projects. He became a partner in 2014 and currently leads the firm’s local relationships with a number of key clients.

Fraser Wilson commented:

“As we start to look beyond the pandemic, financial services can have a positive impact on society. We know that the industry is focused on people and talent, the needs of the customer, and ESG goals, and with our extensive work in all these areas PwC is perfectly placed to help our financial services clients move forward successfully.

“We know the recovery will not be easy, but as we emerge into a post-pandemic, post-Brexit landscape I believe we will do so in a more sustainable, tech-enabled way and Scotland has an important role to play, as evidenced through the recent successes in the growth of the FinTech ecosystem.”

Claire Reid, Regional Leader for PwC in Scotland, added:

“Fraser’s experience and expertise in the sector will be hugely important for our clients at a time when they require support to navigate the recovery while preparing for a more sustainable future.”