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Financial technology firm in jobs boost for Belfast

Published 16/10/2015

The 15 jobs will be recruited over the next three years
The 15 jobs will be recruited over the next three years

A financial technology firm is creating 15 jobs in Northern Ireland.

Clarus Financial Technology, which provides data, analytics and research services to investment banks and hedge funds, is setting up a research and development centre in Belfast as part of a major expansion.

Dr Gary Kennedy, a quantitative analyst and co-founder of Clarus, said: "We looked at other locations in the USA and Republic of Ireland for our new research and development centre but the business environment in Northern Ireland, the strength of the talent pool here, the proximity to Queen's University and the support from Invest NI made Belfast the best option for us."

The 15 jobs will be recruited over the next three years and will pay an average salary of £26,000.

They include a development manager, eight software engineers and six business analysts.

Invest Northern Ireland has contributed an employment grant of £75,000 to support the expansion.

Clarus Financial Technology, which was founded in 2012, has its headquarters in London but also operates in Chicago and Zurich.

Bill Scott, Invest NI's executive director of international business, said: "The company operates in a niche area and its presence in Belfast will introduce new skills to Northern Ireland's IT and financial services sectors.

"The 15 new jobs will pay above the Northern Ireland private sector median and offer technology and business analytics graduates the opportunity to gain excellent experience servicing top level companies."

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