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£54m Investment at CITI creating 600 jobs

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First Minister the Rt. Hon. Peter D. Robinson MLA and the deputy First Minister Martin McGuinness MLA announced that US financial services company Citi is investing £54m creating 600 new highly skilled jobs.

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

The company first set up a technology operation in Belfast in 2004 and since then has made a number of reinvestments, expanding services to include Operations & Technology, Legal, Compliance and more recently Human Resources.

Invest Northern Ireland has offered Citi support of £5,968,000 and DEL has offered £246,000 under its Assured Skills programme.

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.”

The deputy First Minister Martin McGuinness said: “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.

“Citi has approximately 200 million customer accounts and does business in more than 160 countries, so this announcement will create exciting opportunities for graduates and people who may wish to return home to the north of Ireland.”


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