First Minister Rt Hon Peter D. Robinson MLA and deputy First Minister Martin McGuinness MP, MLA will officially open the office of First Derivatives in New York later today.
First Derivatives New York offices will accommodate up to 40 full-time personnel and will act as a hub for their Consultants currently based in New York.
Mr Robinson said: “First Derivatives are a remarkable example of an indigenous company operating on a truly global scale. The company should be commended on its achievements in what is a highly competitive global market.
“First Derivatives are playing an important role in the development of the financial services sector in Northern Ireland, encouraging other indigenous companies to compete in global markets.”
Mr McGuinness said: “Under Brian Conlon’s stewardship First Derivatives is competing and winning in tough international markets. The opening of these offices is a significant investment by the company and a declaration of their ambition and intent in the United States.
“First Derivatives have embraced the challenging business environment of the past few years and implemented a major investment programme, improving their profitability and maintaining their growth momentum of recent years.”
First Derivatives CEO Brian Conlon said: “The North American market represents huge potential for First Derivatives and whilst we have been doing business in the US and Canada for many years, today's opening represents another milestone in the company's history. By making this significant investment, and by employing exceptional talent in the US, we can fulfil our goal to establish a world-class consulting and software company which satisfies the demands of our clients on Wall St and beyond. We welcome the economic leadership shown by political leaders in Northern Ireland and the can-do approach adopted by Invest Northern Ireland in supporting local businesses. Their support has been key to our growth story.”
The opening concludes a highly successful visit to the US visit by the First Minister and deputy First Minister.
Mr Robinson said: “Over the course of the past week we have met with a wide variety of potential investors in the film, technology and financial services industry. There is no doubt in my mind that over the course of the coming months we will see the substantial efforts of the past week bear considerable fruit.
“Northern Ireland is achieving global recognition as a premiere business location. Not only are we cost competitive but we have one of the best educated workforces in Europe. The Executive, over the course of the next four years, will continue to do all it can to promote the Northern Ireland business proposition to an international audience.”
Mr McGuinness said: “The economy is at the heart of the Executive’s business and over the past number of days we have met with many potential investors and heard the many positive experiences from a range of companies that have already invested in the north.
"We are committed to building on our existing trade and investment links with the United States and realise that there is significant growth potential in the entertainment, technological and financial sectors.
“Having the opportunity to engage directly with some of the key players in the film industry has given us the opportunity to showcase what the north of Ireland has to offer in this field. We also met with high level executives in the academic and financial spheres and I am confident that, like previous visits, our time spent has been highly productive and beneficial.”