London company FinTrU creates 80 jobs in Belfast

Related Stories

Eighty jobs are being created in Belfast by a London-based financial services company.

FinTrU provides services for investment banks allowing them to outsource many of their regulatory processes.

The jobs will generate around £1.9m for the economy with salaries of around £24,000.

The investment is being supported by government grants totalling £840,000. Invest NI has offered £480,000 of support for the new jobs.

A further £360,000 is being offered through skills development funds.

The company was founded in 2013 by Irish man Darragh McCarthy, who previously held a series of senior jobs at the investment bank Morgan Stanley.

He said increasing regulatory requirements in the financial services sector lead him to identify an opportunity to provide process outsourcing to help companies achieve compliance.

The firm plans to begin recruiting immediately and aims to have all jobs in place by 2016.

The Enterprise Minister Arlene Foster said the company's decision to locate in Belfast had also been influenced by "the availability of good quality graduate talent and our cost-competitive business environment".

More on This Story

Related Stories

More Northern Ireland stories

RSS

Features

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.