Enterprise, Trade and Investment Minister, Arlene Foster, and Employment and Learning Minister, Dr Stephen Farry, are pictured with FinTru CEO Darragh McCarthy after announcing that the London-based company is to create 80 new jobs in Northern Ireland.
Enterprise, Trade and Investment Minister, Arlene Foster, and Employment and Learning Minister, Dr Stephen Farry, have announced that 80 new jobs are to be created in an investment by Financial Transparency Utility (FinTrU) Ltd.
The London-based company, which provides outsourced financial regulatory processes to investment banks and other financial institutions, is creating a centre of excellence in Belfast to support its growth plans.
Arlene Foster said: “The financial services sector is an important driver of growth in Northern Ireland and the new jobs announced today will generate £1.9million for the local economy. The roles will be a mix of supervisory, associate and graduate posts and will provide excellent employment opportunities.
“Invest Northern Ireland’s international investment team and the Department for Employment and Learning’s Assured Skills team worked closely with FinTrU over the past nine months to encourage the company to select Northern Ireland as a location for the new centre.
“The company’s decision was also influenced by the availability of good quality graduate talent and our cost-competitive business environment. This investment reflects the confidence that international companies have in Northern Ireland’s ability to deliver.”
Invest NI has offered over £480,000 of support for the new jobs, and almost £120,000 through its Skills Growth Programme. The Department of Employment and Learning has offered £240,000 through its Assured Skills Programme.
Employment and Learning Minister Dr Stephen Farry said: “FinTru is a new and exciting Financial Services company and I welcome the jobs announcement today. Assured Skills funding from my Department will ensure that FinTrU has the necessary support for training initiatives to develop the skills required for these new roles. The Financial Services Sector is an important sector which can help local businesses in other sectors to expand and grow, as we work towards rebalancing the economy. 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 in place to support their business needs.”
Darragh McCarthy, FinTru’s Chief Executive Officer, said: “With increasing regulatory requirements within the financial services sector, we identified an opportunity to provide process outsourcing to help companies achieve transparency and compliance.
“We’re confident that we will find the calibre of staff we require in Northern Ireland to help us exploit the market opportunities. We plan to begin recruiting immediately and have all the positions in place by 2016. In addition, the excellent government support for training that has been offered to us will enable us to quickly bring staff up to speed on regulatory and technical issues.”