Citigroup, the US financial services company, is creating 500 new jobs in Belfast, which includes 440 IT jobs. The rest of the jobs will be in the company’s legal and compliance division.
The recruitment, supported by around £8.4 million of financial assistance from regional development agency Invest Northern Ireland, will take place over the next five years.
The announcement was made at the official opening of the new Titanic Quarter offices, where the new jobs will be based. The offices were opened by Northern Ireland’s First Minister Peter Robinson and Deputy First Minister Martin McGuinness.
Robinson said that Citi’s investment would boost the local economy by £16 million annual salaries.
Citigroup has been in Northern Ireland since 2004, and already has around 1,000 staff in Belfast.
Fujitsu also recently boosted investment in Northern Ireland. It is recruiting 50 staff to add to its Managed IT Services Centre in Londonderry.
Meanwhile, other financial institutions have been slashing their IT jobs. Last month, Lloyds Banking Group announced that it would cut 4,500 IT jobs in the UK, and RBS has announced thousands of IT redundancies over the past year.