Financial firm brings 300 jobs to Belfast

The development is backed by the regional development agency, Invest Northern Ireland.

Financial services firm Tullett Prebon said on Tuesday it would create hundreds of jobs in Northern Ireland, a province regarded as highly exposed to Britain’s vote to leave the European Union.

“Today’s announcement of 300 new jobs will contribute over £9.9million in additional salaries into the Northern Ireland economy each year, once all the roles are in place”.

Tullett Prebon, the London headquartered interdealer broker, is to develop a new technology centre in Belfast which it says could create 300 jobs in the city over the next three years.

British interdealer broker Tullett Prebon Plc said a fall in the value of sterling after Britain voted to leave the European Union would have a positive impact on reported revenue.

“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”.

And the group’s chief information officer Luke Barnett insists there could be “more to come” in terms of further potential job creation after Tullett Prebon were blown away by the skills base of the Belfast workforce.

The new roles will contribute nearly £10m in salaries per year, with Invest NI having offered Tullett Prebon more than £2m towards the jobs.

Intercontinental Exchange (ICE) has announced Tullett Prebon has agreed to purchase some of its USA voice brokerage operations at Creditex. It joins other major global financial institutions in locating its IT operations here and will be a valuable addition to our cluster of financial services businesses.

“I am very pleased to announce the establishment of our new technology centre in Northern Ireland. It will transform the way our IT teams collaborate across our business and with outside partners, and help the Group deliver key goals”.