Tullett Prebon creating 300 jobs with new Belfast fintech hub

2 Aug 2016192 Shares

Belfast has been chosen as a new technology hub for Tullett Prebon, with the financial services company announcing 300 new jobs in Northern Ireland.

Following news that it benefitted from Brexit – with profits rising by 11pc thanks in part to the drop in value of sterling – Tullett Prebon’s new “major technology centre” will take three years to fully fill.

Saying the new facility will play a “key role” in the company’s global technology strategy, Luke Barnet, group CIO, said Belfast was chosen after numerous sites were investigated.

“The combination of a highly-educated workforce, attractive business environment and great infrastructure, underpinned by the support of local government and Invest NI, offers a compelling proposition for a global financial services group such as ours,” he said.

Tullett

Invest NI is putting forward £2m for the job creation, with an added £400,000 on offer for training. Tullett Prebon has a presence in 24 countries, employing 2,700 people across the globe.

“They are serious global players and their decision to locate in the north of Ireland is testament to the quality of our IT workforce and proven performance record,” said Martin McGuinness, Deputy First Minister of Northern Ireland.

“The new jobs will offer an average salary of £33,000, providing excellent opportunities for graduate and experienced IT professionals as well as school leavers. The Executive, for its part, will continue to make every effort to ensure our people have the right skills and qualifications, which combined with our low-cost base makes us a compelling location for international companies to locate.”

The company posted profits of £67m yesterday (1 August), with its £430m revenues helped by Brexit’s effect on Sterling.

Last month, software engineers Crossvale announced plans to create a dozen jobs in Belfast as it too opened up a new office in Northern Ireland.

This brings its total global offices to three, with its headquarters in Dallas, Texas and an office in Riyadh, Saudi Arabia.

Crossvale CEO Conor Brankin is very familiar with the Northern Ireland market having started his working career with BT in the region in 1992, after graduating from the University of Manchester.

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Belfast image via Shutterstock

Gordon Hunt
By Gordon Hunt

Gordon joined Silicon Republic in October 2014 as a journalist, moving on to a new position as senior communications and content executive at NDRC in August 2017. Unafraid of heights or spiders, Gordon spends most of his time avoiding conversations about music, appreciating even the least creative pun and rueing the day he panicked when meeting Paul McGrath. His favourite thing on the internet remains the ‘Random Article’ link on Wikipedia.

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