Financial services firm FinTrU has announced the creation of over 600 jobs in the next five years. This £38m expansion by FinTrU will establish a new operation in Derry with 305 new jobs and create a further 300 roles in Belfast.
Invest Northern Ireland’s Chief Executive, Alastair Hamilton stated: 'We are delighted to have played such a significant role in the company’s rapid growth to date. The new jobs to be recruited over the next five years will generate over £15million in additional annual salaries for the local economy.' Invest NI has offered £3.2million support, while the Department for the Economy has offered £2.4million through its Assured Skills Programme.
FinTrU provides regulatory resourcing services. These include legal, risk, compliance, KYC, operations and consultancy, to Investment Banks and other financial institutions. It established a Belfast centre of excellence in 2014, with initial plans to recruit 80 and has since grown successfully to now employing over 240 staff.
Darragh McCarthy, FinTrU Founder and CEO said: ‘FinTrU has won two ‘Fast Growth Business of the Year’ awards in 2018 and we are delighted to continue our expansion in other areas of Northern Ireland.’ Darragh, who is a finalist in this year’s EY Entrepreneur of the Year Awards, added: ‘Our partnership over the last few years with Invest NI has been invaluable to our growth.’
Noel Lavery, Permanent Secretary at the Department for the Economy NI said: “Since 2014 we have worked with FinTrU helping them recruit the talent they need to grow their business through the Department’s pre-employment skills training programme, ‘Assured Skills’. 175 of the current FinTrU staff complement are former Assured Skills Academy graduates. It is planned that, over the next 5 years, 500 of the 605 jobs announced today will be delivered through a series of future Assured Skills Academies.
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