300 New Tullett Prebon Jobs Will Contribute Over £9.9m in Salaries to Economy Each Year

Aug 02, 2016

First Minister Arlene Foster, deputy First Minister Martin McGuinness and Economy Minister, Simon Hamilton today announced that Tullett Prebon plc is creating 300 new jobs in Belfast. 

The organisation plans to establish a major technology centre in Northern Ireland, to support its international growth strategy, creating 300 new jobs over the next three years.

Announcing the investment First Minister, Arlene Foster said: “I welcome this highly significant multi-million pound investment by Tullett Prebon.

“Today’s announcement of 300 new jobs will contribute over £9.9million in additional salaries into the Northern Ireland economy each year, once all the roles are in place.

“Tullett Prebon leads the way in the financial services sector and the company’s decision to establish its new IT development centre in Belfast is a vote of confidence in the ability and quality of the Northern Ireland workforce.

“The Belfast technology centre is an integral part of the company’s global growth strategy and will serve to grow its business and help to deliver innovative solutions to its customers.

“Northern Ireland has an enviable reputation for hardworking, innovative, committed employees and I can assure you that we will prove, once again, we are good for business.”

“Northern Ireland has an enviable reputation for hardworking, innovative, committed employees and I can assure you that we will prove, once again, we are good for business.”

The deputy First Minister, Martin McGuinness said: “Tullett Prebon creating 300 new jobs and choosing to locate their new technology centre here is terrific news.

“Tullett Prebon plc is one of the world's leading interdealer brokers and has a presence in 24 countries and 2,700 people across the globe. They are serious global players and their decision to locate in the north of Ireland is testament to the quality of our IT workforce and proven performance record. 

“The new jobs will offer an average salary of £33,000, providing excellent opportunities for graduate and experienced IT professionals as well as school leavers. The Executive for its part will continue to make every effort to ensure our people have the right skills and qualifications which combined with our low cost base makes us a compelling location for international companies to locate.”

Invest Northern Ireland has offered Tullett Prebon over £2million towards the creation of the new jobs with the Department for the Economy Assured Skills programme providing £400k for associated training.

Economy Minister Simon Hamilton MLA said: “Our Assured Skills programme will support the company with pre-employment training, ensuring the new operation is able to hit the ground running.

“Tullett Prebon is an established financial intermediary and its decision to invest in Northern Ireland cements our reputation as a world-leading IT hub. It joins other major global financial institutions in locating its IT operations here and will be a valuable addition to our cluster of financial services businesses.

“This investment is further proof that Northern Ireland is a good place to invest and recognition by companies based outside Northern Ireland, that we have a highly educated and skilled workforce to provide them with the skills they need to grow their business.”

Luke Barnett, Group CIO of Tullett Prebon, said: “We are delighted to announce the launch of our technology centre in Northern Ireland. It will play a key role in the delivery of our global technology strategy, transforming the way our teams collaborate within the business and with outside partners, and will help us deliver on key business goals.

“We looked at many potential locations and Belfast was the outstanding choice. The combination of a highly educated workforce, attractive business environment and great infrastructure, underpinned by the support of local Government and Invest Northern Ireland, offers a compelling proposition for a global financial services group such as ours.”

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