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Finance firm setting up new Belfast HQ as part of further jobs expansion

By John Mulgrew

Published 05/08/2016

Economy Minister Simon Hamilton (left) with Stephen Shaw of FinTru at the launch of the fourth FinTrU Financial Services Academy
Economy Minister Simon Hamilton (left) with Stephen Shaw of FinTru at the launch of the fourth FinTrU Financial Services Academy
Carleton House will become Fintru’s new headquarters

A Belfast financial firm is hoping to grow its workforce into three figures as it takes on major new headquarters in the heart of the city, it can be revealed.

Fintru's managing director Stephen Shaw says the company hopes to move into its new office at Carleton House in the Gasworks in October.

And he expects the firm's workforce to grow to 90 by the end of year - just two years after setting up shop here.

Work is under way to fit out the building for its new tenants.

Carleton House was also just recently sold to a local investor for £1.975m.

Fintru, which has its head office in London, provides middle-office services to the financial sector, and has created around 60 new jobs over the last year, with help from the former Department for Employment and Learning (DEL).

It currently has offices at the European Commission building on the Dublin Road.

Speaking to the Belfast Telegraph, managing director Stephen Shaw said: "We have just recently secured more permanent space in the Gasworks at Carleton House.

"That is based on the fact we have invested in Northern Ireland and Belfast. We originally committed to 80 jobs and we are on the cusp of reaching that target now, this year.

"We are very happy to have committed to Northern Ireland... we have had great success in terms of attracting business."

Mr Shaw said the company provided "cost effective" outsourcing for top financial firms.

The company now employs 70 staff. But that is set to grow to 90 by the end of the year, Mr Shaw said.

And that talent pool is continuing to be fuelled by the firm's fourth financial academy.

It's being delivered by the Department for the Economy, and has already trained dozens of staff.

The company was originally founded by Cork man Darragh McCarthy in 2013. Mr McCarthy has a raft of experience in the world of finance, including 18 years with Morgan Stanley.

Fintru will take on the third floor of Carleton House where it intends to grow further still.

It's currently home to the Strategic Investment Board, and other arms of the Department of Finance.

It neighbours other buildings and businesses, including one of Lloyds Banking Group's main call centres, as well as Killymeal House,

"We are planning to continue growing as long as the clients we have see the demand in what we offer," Mr Shaw said.

The company works with tier one investment banks. Just last month Economy Minister Simon Hamilton announced that the fast-growing financial company was recruiting a further 20 graduates for its training academy.

"There has been a 100% employment rate for the three previous Fintru academies," Mr Hamilton said.

"All 20 graduates from the first cohort of graduates now have the opportunity to be promoted from analysts to associates in October 2016, following a clear career path through the company - highlighting how academies such as this are providing opportunities for our talented young people to progress up the skills ladder.

"The fact that the vast majority of the staff within Fintru are former academy graduates demonstrates the high calibre of graduate participating in the programme."

The minister added: "The financial services sector is a very competitive market and the investment Fintru have made in local graduates is testament to the emphasis it is placing on locating in areas with access to a highly skilled labour force."

Belfast Telegraph

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