Belfast’s FinTrU is creating a new EU hub in Letterkenny and adding 300 jobs, it has been revealed.
The firm, which provides outsourcing for some of the world’s biggest investment banks, now employs more than 1,000 staff across its sites, the majority of which are in Belfast and Derry.
Founder and boss Darragh McCarthy says the “highly educated and ambitious talent based here in Donegal was a major motivating factor in FinTrU choosing Letterkenny as the next EU base”.
“This new location will further support FinTrU as we continue to work with the largest International investment banks across the world,” he says.
FinTrU specialises in a range of roles for tier one investment banks, including legal, compliance and KYC (know your customer).
The expansion is being supported by the Irish Government through IDA Ireland.
“We are extremely excited to announce the news of our North West regional expansion with the establishment of our Letterkenny site,” Darragh McCarthy says.
“FinTrU has enjoyed a great relationship with the north west region, having set up our Derry office in October 2018, with over 300 employees presently working at this site.
“We already employ several people from Letterkenny and the wider county of Donegal, so it was a natural step for us to open an EU delivery office right here in Letterkenny.
“FinTrU has forged a great partnership with IDA Ireland, Donegal County Council, Donegal Education & Training Board (ETB) and the Atlantic Technological University over the years and we are delighted to be working with them in delivering this project over the years to come.”
Taoiseach Micheál Martin said: “FinTrU's announcement that it's creating 300 jobs, providing new opportunities in Letterkenny, Donegal and the north west is wonderful news. Ireland has established itself as a leading global financial services centre and we are committed to building on this success.
“The new positions announced today by FinTrU are testament to the company’s growth and achievements, as it invests in, and benefits from, skills and talent from across the whole island. I wish FinTrU many more years of continued success in their operations here.”
At the end of 2020 the firm expanded its reach further with a new office in New York.
The firm, which has grown substantially including hiring dozens of workers through the pandemic, said it grew by 75% in 2020 “driven by operational excellence”.