US Fintech Firm Hanweck Associates to Establish its European HQ in Belfast

Oct 26, 2015
Pictured (centre) is Alastair Hamilton, Invest NI, with (L – R) Michael Hollingsworth and Gerald Hanweck, Hanweck Associates.

New York based financial services technology company, Hanweck Associates, LLC (Hanweck), is establishing its European HQ in Belfast, with support from Invest Northern Ireland, creating 19 new jobs.

Hanweck delivers high performance risk analytics services for the financial markets and plans to recruit a range of technology and business analyst roles at its Belfast centre to further grow and support its business across Europe and the USA.

Speaking following a meeting with the company during a visit to the US, Invest NI Chief Executive Alastair Hamilton said: “Fintech is an exciting niche in the financial services market and this announcement, the second by a financial technology firm this month, reinforces Belfast’s position as the number one city globally for Fintech investment.

“Northern Ireland’s financial services sector is growing in confidence and investments such as this help to develop new capabilities and offer skills development and career progression opportunities for our local talent base.

“Once in place, these 19 positions will generate nearly £850,000 annually in additional salaries for the local economy.”

Commenting on the company’s expansion, Chief Executive and Founder of Hanweck Associates, Jerry Hanweck said: “Belfast provides us with an excellent platform from which to service our customers and capitalise on the evolving market opportunities across Europe.

“Our new Belfast office will act as a research, development and support centre. It will augment our ‘follow the sun’ support model, and address the current and future demands of our growing set of customers around the globe.

“We chose Northern Ireland because of its skilled workforce, strong universities and research centres, high-tech infrastructure and competitive cost structure.”

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