FinTrU to create 605 new jobs with £5.6 million NI fundingAll Articles
Financial services company FinTrU plans to create 605 jobs over the next five years in Belfast and Londonderry as part of a £38 million expansion. This significant expansion by FinTrU will see it establish a new operation in Londonderry with 305 new jobs and create a further 300 new roles in Belfast.
Welcoming the major investment, Invest NI Chief Executive Alastair Hamilton said: “Today’s announcement is another significant re-investment by FinTrU which will create over 600 new jobs for graduates and professionals in the Financial Services industry.
“We are delighted to have played such a significant role in the company’s rapid growth to date. The new jobs to be recruited over the next five years will generate over £15million in additional annual salaries for the local economy.''
Invest NI has offered £3.2 million of support for the new jobs and the Department for the Economy has offered £2.4 million of support through its Assured Skills Programme. The Assured Skills programme between the department and Invest NI is a joint programme that helps local companies as well as businesses wanting to locate their business in Northern Ireland to secure the skills they require.
FinTrU provides regulatory resourcing services, including legal, risk, compliance, KYC, operations and consultancy, to Investment Banks and other financial institutions. It established its Belfast centre of excellence in 2014, with initial plans to recruit 80 staff and has since grown successfully to now employing over 240 staff.
Darragh McCarthy, FinTrU Founder and CEO said: “Our current operation in Belfast has been hugely successful which has been driven by the exceptional talent we have been able to recruit in Northern Ireland. FinTrU has won two ‘Fast Growth Business of the Year’ awards in 2018 and we are delighted to continue our expansion in other areas of Northern Ireland.
“After reviewing a number of locations, I had no hesitation about expanding our presence into the North West due to the highly attractive location and the availability of talent that the region offers. Whilst managed as a profit-driven organisation, I see FinTrU as having a social purpose to create high-quality professional employment in Northern Ireland.”
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