Swiss banking technology vendor Avaloq has vowed to recruit 75 Scottish graduates to work at a new Edinburgh software development centre that will eventually deploy 500 staff.
The firm plans to create 500 jobs at the city centre base over five years, with the first 20 staff starting work this quarter.
It has now embarked on a recruitment drive to find the 75 graduate employees who will quickly begin an intensive six-month training programme.
Avaloq says it chose Edinburgh for its first major site outside of Switzerland because of its status as the UK's second biggest financial market and the high level of computer graduates produced by Scotland's universities.
Francisco Fernandez, CEO, Avaloq, says: "We very much believe in working with the local talent to grow this operation and are optimistic about the forthcoming student fairs which will be used to identify the first Avaloq appointments."
Scottish First Minister, Alex Salmond, has welcomed the firm, saying: "This is a substantial number of training positions being created by a well-respected international software company, whose solutions are used by dozens of banks in more than 20 countries worldwide."