Posted on Tuesday 24 January 2017 by ub digital
A London financial services firm has created 160 new jobs at its Belfast base in a move which was triggered by the skilled workforce here, the company said.
Fintru, which provides outsourced services such as financial regulatory reporting, compliance and legal services to investment banks, is taking on 100 graduates and 60 experienced hires over the next five years.
In total, the roles will pump £4.2m a year in salaries into the economy once all are in place.
It has had an office here since 2014 and currently has a headcount of 80 with room for more, having just moved into FinTrU House, a 17,600 sq ft three storey building in the Gasworks area of the city.
Darragh McCarthy, FinTrU’s Chief Executive Officer, said the firm has already been impressed with the talent available in Northern Ireland.
“The supply of talent in Northern Ireland, particularly at graduate level, is impressive and, coupled with the support from Invest NI and Assured Skills, it makes this region a highly attractive location to grow our company.”
He said the firm’s business has been helped by increased regulation in the financial sector.
“The continued impact of increased regulation and the ongoing emphasis on cost reduction within the Financial Services sector is creating scope for us to expand our client base. This expansion will allow us to put additional resources in place to grow our service offering and capitalise on these.”
Invest NI has offered FinTrU over £1.1m to support its recruitment activities and associated training costs. The company is also benefiting from £480,000 Assured Skills programme offer towards its pre-employment training academy.
“The company is a strong contributor to our vibrant Financial Services sector and is reaping the benefits of our knowledgeable and engaged talent base to leverage growth opportunities in its key markets,” said Alastair Hamilton, chief executive of Invest NI. “FinTrU’s recent renovation work at its Belfast headquarters highlights a long-term commitment to Northern Ireland and the employment and training support from government will enable the company to go from strength-to-strength.”