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."


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