Citigroup to open IT centre in Belfast

US financial services firm Citigroup is opening a technology centre in Belfast, Northern Ireland, which will create up to 375 jobs.

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Citigroup to open IT centre in Belfast

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The project is being supported by regional economic development agency Invest Northern Ireland which is contributing more than £7 million towards the investment.

Invest NI says the IT centre will contribute some £65 million to the local economy over the first five years.

Leslie Morrison, chief executive of Invest NI, comments: "The establishment of a technology centre of excellence fits very well with Invest Northern Ireland's focus on developing the software and financial services sectors and encouraging R&D and application development activities," says Morrison.

Commenting on the move, Bill Mills, CEO of Citigroup's global corporate and investment bank in EMEA, says: "Citigroup has ambitious growth plans which depend on developing the technology platforms supporting each of our business areas.

"The Belfast Centre will play a significant role in this, enhancing our cost competitive position and offering us the opportunity to grow resource levels quickly."

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