Belfast Telegraph

Finance firm FinTrU creating 160 jobs in Belfast

By Margaret Canning

Financial services company FinTrU is creating 160 new jobs in Belfast paying an average of around £26,250 over the next five years, it has announced.

The London-based business carries out financial regulatory reporting, compliance and legal services for investment banks and other institutions. It set up in Belfast in 2014 with 80 staff - and now says it will be filling another 60 experienced roles and 100 graduate positions by 2021 to support its growth.

The company recently moved to a new three-storey office at the Gasworks in south Belfast.

It’s creating the new jobs, and holding a pre-employment training programme, using over £1.5m in government funding.

Chief executive Darragh McCarthy said: “We are delighted with progress to date at our Belfast centre of excellence and indeed completed the recruitment of our 80 strong workforce nine months ahead of schedule.

“The continued impact of increased regulation and the ongoing emphasis on cost reduction within the financial services sector is creating scope for us to expand our client base. This expansion will allow us to put additional resources in place to grow our service offering and capitalise on these business opportunities.”

Economic development agency Invest NI said it had given the firm £1.1m in  support for the jobs and training, as well as £480,000 from the Assured Skills programme for a pre-employment training academy.

Invest NI chief executive Alastair Hamilton said the firm was “an ambitious enterprise with aggressive expansion plans, and this recruitment drive underlines its confidence in Northern Ireland as an investment location”.

“The 160 new roles to be recruited over the next five years will generate £4.2m annually in additional salaries and provide valuable jobs opportunities for graduates from a range of disciplines.”

Belfast Telegraph Digital

Weekly Business Digest Newsletter

This week's business news headlines, directly to your inbox every Tuesday.