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BlackRock is to sell its defined contribution platform and administration business with about 150 staff based in London and Peterborough to Aegon UK.
BlackRock is expected to select a 70,000 sq ft office at Exchange Place for the new Edinburgh headquarters of its investment management business, with the creation of more than 250 new jobs.
BlackRock, the US investment management firm, is seeking a suitable property for a new 70,000 sq ft office in Edinburgh.
BlackRock is to create a further 250 jobs at its investment management operations in Edinburgh this year.
BlackRock is to relocate its London-based investment management business to the 270,000 sq ft office tower at Drapers Gardens in the City.