Belfast Telegraph

Citi creates 600 new jobs for Belfast: Global financial firm expands Northern Ireland workforce

By John Mulgrew

Financial services firm Citi is creating 600 new jobs as it further expands its Belfast operations.

The company currently employs some 1,500 people at its Titanic Quarter office.

The new positions will boast average salaries of around £35,000.

It's an overall investment worth £54 million to the Northern Ireland economy.

Operating in the city for 10 years, it grew its workforce from 900 people to around 1,400, after a jobs boost back in 2010.

It's the latest expansion to Northern Ireland's burgeoning technology and financial services industry.

Invest NI has put forward almost £6 million towards the investment.

James Bardrick of Citi praised the talents of Northern Ireland's workforce.

"The success of our current operations in Belfast was an important factor behind this latest decision to create another 600 jobs," he said.

Announcing the new jobs First Minister Peter Robinson said it reflected "the firm’s confidence in its Belfast operations and its continuing commitment to Northern Ireland".

"The Financial Services sector is at the heart of the economy and the decisions and transactions that take place in Belfast will impact across the globe," he said.

"The £35,000 salary that these jobs will attract reflects the skill set and calibre of individuals required to fulfil these roles.

"Northern Ireland continues to draw a range of highly skilled companies and this by decision Citi to reinvest in Northern Ireland is the strongest possible endorsement of what we have to offer."

Deputy First Minister Martin McGuinness said: "Citi ramping up its presence here is outstanding news. This significant expansion by the corporate giant Citi will inject over £21million of new salaries to the local economy annually."

"Citi's presence here over the past ten years has played a major role in developing the financial services sector both in providing jobs and training.

"This reinvestment will create much needed highly skilled jobs and also increase the skills base of the financial services sector by introducing specialist investment banking functions."

Alliance MP Naomi Long welcomed the additional new jobs.

"East Belfast is perfectly placed for such major investments, being located both close to Belfast city centre and with an airport with links directly to London’s financial district," she said.

"I am pleased Citi has decided to use those factors to its advantage and capitalise with the establishment of these jobs."

In September, financial firm Deloitte announced it was creating 338 new jobs in Belfast as part of a multi-million pound expansion.

The company is set to expand its operations over the next five years - bringing the firm's Northern Ireland workforce to more than 700.

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