Business

New York financial services firm to base Europe HQ in Belfast

New York based financial services technology company, Hanweck Associates, is establishing its European HQ in Belfast. Pictured, centre, is Alastair Hamilton, Invest NI, with, from left, Michael Hollingsworth and Gerald Hanweck, Hanweck Associates.
New York based financial services technology company, Hanweck Associates, is establishing its European HQ in Belfast. Pictured, centre, is Alastair Hamilton, Invest NI, with, from left, Michael Hollingsworth and Gerald Hanweck, Hanweck Associates. New York based financial services technology company, Hanweck Associates, is establishing its European HQ in Belfast. Pictured, centre, is Alastair Hamilton, Invest NI, with, from left, Michael Hollingsworth and Gerald Hanweck, Hanweck Associates.

AMERICAN financial services firm Hanweck Associates is setting up its European headquarters in Belfast, where it will create 19 new high-paid jobs.

The New York-based company delivers high performance risk analytics services for the financial markets.

It plans to recruit a range of technology and business analyst roles at the new Belfast centre to further grow and support its business across Europe and the USA.

Founder and chief executive of the firm Jerry Hanweck said Belfast provided the company "with an excellent platform from which to service our customers and capitalise on the evolving market opportunities across Europe".

"Our new Belfast office will act as a research, development and support centre. It will augment our ‘follow the sun’ support model, and address the current and future demands of our growing set of customers around the globe," he said.

“We chose Northern Ireland because of its skilled workforce, strong universities and research centres, high-tech infrastructure and competitive cost structure.”

Speaking following a meeting with the company during a visit to the US, Invest NI chief executive Alastair Hamilton said: “Fintech is an exciting niche in the financial services market and this announcement, the second by a financial technology firm this month, reinforces Belfast’s position as the number one city globally for fintech investment.

“Northern Ireland’s financial services sector is growing in confidence and investments such as this help to develop new capabilities and offer skills development and career progression opportunities for our local talent base.

“Once in place, these 19 positions will generate nearly £850,000 annually in additional salaries for the local economy.”