Belfast Telegraph

US finance firm to create 50 jobs

An American financial services company is to create up to 50 jobs in Belfast.

Cowen International is to set up a technology research and development centre in the city, said Economy Minister Arlene Foster.

"This is the kind of high-value project that Invest NI is targeting and is another valuable win for Northern Ireland," she said.

The centre will provide technology and support services to the Cowen Group and will be responsible for developing new technologies.

Invest NI has offered £500,000 in support of the investment. The Department of Employment and Learning has also offered £175,800 in support under its assured skills programme.

Cowen International is a subsidiary of US-based financial services firm Cowen Group, which has its headquarters in New York.

First Minister Peter Robinson said he had met senior executives from the Cowen Group.

"The securing of additional foreign direct investment is a key priority in our programme for government and the executive is leaving no stone unturned in endeavouring the attract business from across the globe," he said.

Deputy First Minister Martin McGuinness said: "Coming on the back of the Axiom and the CVS Caremark announcements last week, this further positive announcement from the Cowen Group will add to our growing reputation as a prime location to invest.

"The securing of such high profile jobs from internationally renowned companies demonstrates the opportunities which exist here, despite the difficulties presented by the current economic climate."

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