20/11/2014

Citi To Invest £54m And Create 600 New Jobs

First Minister Peter Robinson and deputy First Minister Martin McGuinness have announced that US financial services company Citi is to invest £54m and create 600 new highly skilled jobs in Northern Ireland.

Citi Belfast, located in Belfast's Titanic Quarter, already employs around 1,500 staff and provides a range of support services to the global organisation.

Announcing the 600 new jobs, First Minister Peter Robinson said: "This £54million announcement creating 600 new jobs by Citi, one of the most prestigious financial services companies in the world, reflects the firm's confidence in its Belfast operations and its continuing commitment to Northern Ireland.

"The Financial Services sector is at the heart of the economy and the decisions and transactions that take place in Belfast will impact across the globe. The £35,000 salary that these jobs will attract reflects the skill set and calibre of individuals required to fulfil these roles.

"Northern Ireland continues to draw a range of highly skilled companies and this by decision Citi to reinvest in Northern Ireland is the strongest possible endorsement of what we have to offer."

Deputy First Minister Martin McGuinness added: "Citi ramping up its presence here is outstanding news. This significant expansion by the corporate giant Citi will inject over £21million of new salaries to the local economy annually.

"Citi's presence here over the past ten years has played a major role in developing the financial services sector both in providing jobs and training. This reinvestment will create much needed highly skilled jobs and also increase the skills base of the financial services sector by introducing specialist investment banking functions."

(CD/JP)

Related Northern Ireland Business News Stories
Click here for the latest headlines.

07 June 2018
CGDM To Develop New Office Premises
CGDM Construction in Newry is to invest over £500,000 to develop new office premises at Carnbane Business Park. The firm is also creating 10 new jobs with the support of Invest Northern Ireland. Invest NI has offered the company £74,000 of support towards the creation of the new jobs and marketing activities.
09 December 2010
250 Jobs For Dublin & Waterford
Minister for Enterprise has today announced that Citi, a leading global financial services company, is to create 250 roles in the next year at its offices in Dublin and Waterford. , Batt O’Keeffe said the roles will be in Funds, Client Services, Product Development and will include some Operations and Technology roles.
07 March 2019
New Terex Facility Brings 100 Jobs To L'Derry
Global company Terex has announced plans to build a new manufacturing facility in L'Derry, adding to its eight other sites in Northern Ireland and bringing 100 jobs to the area.
16 April 2012
Bangor Company Creates 14 New Jobs on Back Of Web Innovations
Bangor-based company Omnisoft Services Ltd has created 14 new jobs in an expansion driven by the growth of its web design services and the development of a new product for the educational market. The expansion is being supported by Invest Northern Ireland, which has offered £44,000 of support for 11 of the jobs through its Jobs Fund scheme.
10 February 2015
Purepipe To Invest £250,000 And Create Six New Jobs
Belfast-based Purepipe is investing £250,000 and creating six new jobs as part of plans to boost sales in Great Britain and the Republic of Ireland. Invest Northern Ireland has offered the company £45,000 towards its expansion which involves investing in new state-of-the-art specialised pipe manufacturing equipment needed to target new business.