FinTrU to create 300 jobs in Derry
FINANCIAL services firm FinTrU has announced plans to create 300 jobs in Derry.
The Belfast-based company, which already has a significant presence in the city, said it will invest a further £20 million to double its size in Derry by 2027.
Set up in 2013 by Cork native Darragh McCarthy, FinTrU is a regulatory solutions company that works with major global investment banks. It specialises in legal, risk, compliance and consultancy services.
The financial services group already employs well over 1,100 people in across four offices in Belfast and Derry, alongside smaller hubs in Dublin, London, New York and Maastricht.
Last year the firm announced plans to create 300 jobs in a new European delivery centre in Letterkenny and 500 jobs in a major new hub in Porto.
@FinTrU creating 300 more jobs in Derry, bringing headcount in city to 600 and in company to 1500+. Move pumps £8.6m a year in salaries into economy. “This catapults us into new era of growth” says CEO Darragh McCarthy pic.twitter.com/Ykla5IPdye— Gary McDonald (@geemac1962) February 6, 2023
Darragh McCarthy described the latest expansion in Derry as “a significant step”, which will see the company’s workforce in Northern Ireland grow to over 1,500.
“FinTrU is celebrating its 10th birthday in 2023 and the north west holds a special place in the heart of our business.
“Since making our first investment in Derry in 2018, we have been blown away by the talent and were able to surpass our initial jobs target one year ahead of schedule.
“Following the announcement of our Letterkenny site last year, out newest investment is a demonstration of our ongoing commitment to develop and champion the north west region and our staff who have helped us grow here.”
The latest expansion has been backed by support from Invest NI.