Rapidly expanding firm First Derivatives has created 50 new jobs for Northern Ireland in the second phase of its graduate recruitment drive.
First Derivatives provides software and consulting services to the financial services industry and the arrival of the latest batch of recruits means the company now employs an impressive 450 people, providing a much welcome boost to the local economy.
The 50 workers were recruited in the second year of the company’s Options Programme designed for recent graduates and those with considerable work experience.
In 2009, Invest NI provided £426,883 of support for skills development activity, part funded by the European Regional Development Programme (ERDF).
The new employees were welcomed on their first day at the company headquarters in Newry yesterday by chief executive Brian Conlon, chief operating officer Adrian Toner and Conor Murphy MLA.
One of the new employees, Nick McDaid, said: “With the vast array of opportunities on offer I think we are all looking forward to getting started and building careers within a company that has global horizons.”
Addressing the new employees, Mr Murphy said: “I am delighted to be here on what is an important day for First Derivatives and for Newry City. Economic growth is only possible when firms like First Derivatives have the people and resources to expand, innovate and develop their products and markets.
“During a time of unprecedented economic challenges, the fact that a local firm of international repute continues to put its faith in graduate hires is to be recommended. I congratulate everyone joining today and hope your career takes off as First Derivatives grow from strength to strength.”
Chief executive Brian Conlon said since the company was founded in 1996 First Derivatives’ most important asset has always been its people.
He explained: “The Options Programme, which is supported by an investment of over £2m, enables our new employees to develop a deep understanding of our business, our markets, what our clients need and ultimately allows the company to reach its full potential.
“This is the second year of our Options Programme and the company has undergone significant growth since then, both organically and through acquisition. We now operate across North America, Europe, Asia and Australia.”