First Minister Peter D. Robinson MLA, and Deputy First Minister Martin McGuinness MP, MLA announced today that Citi plans to create 500 jobs in a major expansion supported by Invest Northern Ireland.
The announcement was made as the Ministers officially opened Citi’s new offices in Belfast’s Titanic Quarter.
Citi is one of the world’s largest banking corporations and has been based in Belfast since 2004. The local base now employs over 900 people who service the legal, operational and technology needs of Citi offices and clients around the world, primarily in the Europe, Middle East and Africa market. Invest NI has offered Citi almost £8.4million of support towards the creation of 501 high quality jobs.
First Minster Peter D. Robinson said: “Last month, at the US-NI Economic Conference in Washington, we had a unique opportunity to showcase Northern Ireland to some of the most senior people from blue chip US companies. While we are confident that new investment will be generated as a result of the conference in the months and years to come, this latest commitment by Citi is proof positive that our ongoing efforts to secure investment are paying dividends.
“Over £8million of Invest NI support has secured this expansion against competition from other global locations. This support will help to inject upwards of £16million of new annual salaries into the local economy, providing the quality, world class employment opportunities that local people so richly deserve.”
Deputy First Minister Martin McGuinness said: “At a time when global businesses are still trying to manage their way out of the downturn, Citi has recognised that this region offers the skills, infrastructure and support necessary to develop its presence here and support growth in key global markets.
“Over the next five years, Citi plans to create 440 new high quality roles in its technology and operations divisions and a further 61 new specialist posts in its legal and compliance division. This is an extremely significant boost for the local economy particularly in terms of job numbers and the high quality of the positions.”
Bill Mills, Citi said: "As a global company with a presence in more than 120 countries, we continually evaluate the best locations for expansion to ensure maximum productivity and growth. Northern Ireland has repeatedly exceeded our expectations since our initial investment in 2004. The support offered by Invest NI, the strong skills base and graduate pool continue to make Northern Ireland an attractive investment location and the perfect fit to support our growth in EMEA.
"The new posts across our technology, operations and legal and compliance divisions will join our existing 900 people in our new offices here in Belfast."
Enterprise Minister Arlene Foster added: “Citi is one of the most prestigious financial services companies in the world, so this major investment, one of the largest in recent months, is a real endorsement of the NI investment proposition. I hope that following this announcement and the economic conference in Washington that other investors are encouraged to look more closely at Northern Ireland as an investment location.”
Pictured with First Minister Peter Robinson and Deputy First Minister Martin Mc Guinness are Brian Mc Areavey and Bill Mills from Citi.