Wales has a buoyant and growing financial services sector.  The industry is highlighted in the Welsh Assembly Government's economic development strategy, ‘Wales A Vibrant Economy’ as a key growth sector.

Banks and building societies dominate the sector in Wales, whilst insurance and pension companies represent an important sub-sector.

The remainder of the workforce includes insurance brokers, independent financial advisors, fund managers, asset managers, stockbrokers, actuaries, loss adjustors, risk managers, and wealth managers.

Since the early 1990s many UK and global financial services companies have set up and expanded in Wales.

In addition, home-grown companies such as Admiral Insurance and the Principality Building Society have expanded dramatically over recent years.