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Finance firm FinTrU creating 605 jobs in Northern Ireland with £38m expansion

Alastair Hamilton, CEO of Invest NI, and Darragh McCarthy, of FinTrU
Alastair Hamilton, CEO of Invest NI, and Darragh McCarthy, of FinTrU

by Gerald Lennon

Financial services company FinTrU plans to create 605 jobs over the next five years in Belfast and Londonderry.

The multi-award winning firm has expanded its reach and will open an operation in Derry, with 305 new jobs, followed by a further 300 roles to be created in Belfast.

Invest NI Chief Executive Alastair Hamilton said the announcement was another significant re-investment by FinTrU which will create jobs for graduates and professionals.

“We are delighted to have played such a significant role in the company’s rapid growth to date, " said Mr Hamilton.

"The new jobs to be recruited over the next five years will generate over £15million in additional annual salaries for the local economy."

This comes after Invest NI offered £3.2m of support for the new roles, while the Department for the Economy have offered £2.4m of support through its Assured Skills Programme.

The Assured Skills programme between the department and Invest NI, is a joint programme that helps local companies as well as businesses wanting to locate their business in Northern Ireland to secure the skills they require.

"This investment will also make a significant contribution to Northern Ireland’s flourishing Financial Services sector and will deliver a projected £20million in additional new export sales for the company.” continued Alastair.

FinTrU, provides a multitude of resourcing services including legal, risk and compliance, Know Your Customer operations and consultancy, to investment banks and other financial institutions.

The company first established its Belfast centre of excellence back in 2014, and initially planned to recruit 80 staff, but has since grown to successfully employ over 240 people.

Darragh McCarthy, the founder and CEO of FinTrU said: “Our current operation in Belfast has been hugely successful which has been driven by the exceptional talent we have been able to recruit in Northern Ireland."

“After reviewing a number of locations, I had no hesitation about expanding our presence into the North West due to the highly attractive location and the availability of talent that the region offers," added Darragh.

The Belfast jobs announcement was welcomed by the city's Lord Mayor, Deirdre Hargey, who said: "It’s a great endorsement of our graduate and professional talent, will make a significant contribution to our growing financial services sector and will open up opportunities to graduates and professionals keen to base themselves in Belfast. "

Mayor of Derry City and Strabane District Council John Boyle said: “This is fantastic news for the city and wider region and a significant investment by the company of £38m across Northern Ireland, I would like to extend my congratulations to Invest NI and the relevant government departments and partners involved in securing these high skilled jobs to the city and wish the company every success with its investment.

“This investment is in keeping with the council’s commitment set out in its Strategic Growth Plan to attract high-quality skilled jobs for graduates and professionals.

"These jobs will be a tremendous boost to our local economy in terms of the annual salaries and export sales."

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