A BELFAST financial services firm is to create 29 new jobs in a major expansion in the city.
The new positions being created by Funds-Axis Ltd will generate £742,000 in additional salaries for the Northern Ireland economy, an average of over £25,000 per annum.
The regulatory technology (RegTech) firm, provides investment compliance, risk and regulatory reporting technology and services to the global investment management industry.
The expansion of operations in Belfast is being supported by £145,000 of financial support from Invest NI and grow its staff numbers from 18 to 47 over the next three years.
Invest NI executive director of business and sector development Jeremy Fitch said the new jobs will offer a range of employment opportunities for graduates and professionals and range from
risk and compliance roles to positions in HR, marketing and finance.
“Funds-Axis is one of a growing number of regulatory technology companies within our financial services sector."
“This is the latest in a number of recent investments in the sector, showing that Northern Ireland is strengthening its position as a hub for financial technology services," he added.
Funds-Axis managing director Darren Burrows said the new jobs will "support the continued growth of our investment compliance, risk and regulatory reporting business".
“We have recently secured new clients in the UK, Europe and the USA and Invest NI’s support is enabling us to strengthen both our management team and our risk and compliance team, ensuring that we are well placed for continued future growth," he added.
Funds-Axis’ customers are typically large financial institutions across Europe and the USA, which are faced with a rising level of financial regulation.
