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US financial firm adds 117 jobs US financial firm adds 117 jobs
(30 minutes later)
The US financial company Citigroup has announced further expansion at its Belfast offices.The US financial company Citigroup has announced further expansion at its Belfast offices.
It is planning to create 117 jobs by setting up a new operations division during the course of this year.It is planning to create 117 jobs by setting up a new operations division during the course of this year.
Recruitment will begin at the end of January. The investment is being supported with a grant of £1.6m from Invest Northern Ireland.Recruitment will begin at the end of January. The investment is being supported with a grant of £1.6m from Invest Northern Ireland.
The recruitment will bring the total employment to more than 500 staff by the end of this year.The recruitment will bring the total employment to more than 500 staff by the end of this year.
Citigroup is the largest bank in the United States.Citigroup is the largest bank in the United States.
Success
The company's Jim Foster said: "This is the first such operations group in Northern Ireland and offers significant opportunities for people to enter the investment banking business.
"We look forward to continuing our success in Belfast and hope to see this new division up and running by March with our first new recruits on board."
Leslie Morrison, chief executive of Invest NI, said it would "further enhance Northern Ireland's growing reputation and attraction as a world class centre for financial services companies".
He added: "Citigroup's growth in Northern Ireland is a tremendous endorsement of the available skills and the rapidly developing knowledge base which global companies need in order to remain competitive."
The deputy leader of the SDLP, South Belfast MP Alasdair McDonnell, said he was delighted by the jobs news.The deputy leader of the SDLP, South Belfast MP Alasdair McDonnell, said he was delighted by the jobs news.
"I have consistently argued that what Belfast needs are high value, high skill jobs to boost economic growth."I have consistently argued that what Belfast needs are high value, high skill jobs to boost economic growth.
"I am delighted that the Belfast economy continues to move down this road," Mr McDonnell said."I am delighted that the Belfast economy continues to move down this road," Mr McDonnell said.