Fin TrU, the London-headquartered financial services firm, is to expand its Belfast centre and create 160 new jobs in Northern Ireland.
The firm, which was established in 2013 by University College of Dublin alumnus Darragh McCarthy, provides outsourced services such as regulatory reporting for banks and other financial institutions.
In Belfast on Tuesday to announce details of its latest investment in the North Mr McCarthy, Fin TrU’s chief executive officer, said it had completed the recruitment of its originally planned 80-strong workforce ahead of schedule.
He said the company saw an opportunity to grow its client base because of “increased regulation” and an industry-wide emphasis on cost reduction.
Mr McCarthy added: “This expansion will allow us to put additional resources in place to grow our service offering and capitalise on these business opportunities.
“The supply of talent in Northern Ireland, particularly at graduate level, is impressive and, coupled with the support from Invest NI and Assured Skills, it makes this region a highly attractive location to grow our company.”
Fin TrU plans to create 60 experienced roles and 100 graduate roles by 2021. The company has been offered more than £1.5 million of government support.
The firm, which has a state-of-the-art facility in London, recently relocated its Belfast headquarters to Fin TrU House, a 17,600 sq ft three-storey building in the Gasworks area close to Belfast city centre which it has refurbished into high-spec office space.
The chief executive of Invest NI, Alastair Hamilton, believes the firm’s decision to reinvest in Belfast is a vote of confidence for the North.
“The company is a strong contributor to our vibrant financial services sector and is reaping the benefits of our knowledgeable and engaged talent base to leverage growth opportunities in its key markets,” Mr Hamilton said.
