Financial Services

Sectors

Northern Ireland is a leading global location for financial services investment.

An unbeatable combination of world-class talent, highly competitive operating costs and research excellence in a low-risk, pro-business environment, has fuelled the growth of Northern Ireland’s financial services sector.

Belfast, the region’s capital, is ranked as the world’s top destination for financial technology investment projects and has been ranked in the top 3 FinTech locations of the future after London & Singapore.

Virtual Visit - "Financial Services Sector"

Citigroup Inc. "Citi" is an American multinational investment bank and financial services corporation. The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998; Travelers was subsequently spun off from the company in 2002.

    • Citigroup was formed on October 8, 1998, following the $140 billion merger of Citicorp and Travelers Group.

    • The company is headquartered in New York.

    • The Company is publicly owned - NYSE: C

    • The Company has circa 204,000 employees (2018).

Citi, currently employs over 2700 people across four campuses in Belfast delivering Operations & Technology, Legal, Compliance, Human Resources, Risk, Audit and Private Banking services to over 100 countries around the world.

Citi is a leader in financial services technology, building and operating innovative systems that process millions of transactions and trillions of dollars daily.

The Belfast technology division, established in 2005, is the cornerstone of Citi Belfast, and focusses on creating competitive advantage for Citi by delivering the most efficient and effective technology platforms in the financial services industry.

Key People:

Belfast office - 60 Sydenham Road, Belfast BT3 9DP

Website - www.citigroup.com

The Allstate Corporation is an American-headquartered insurance company. The company also has personal lines insurance operations in Canada. Allstate was founded in 1931 as part of Sears, Roebuck and Co., and was spun off in 1993.

Allstate is one of the largest American corporations, and with 2018 revenues of $39.8 billion it ranked 79th in the 2019 Fortune 500 list of the largest United States corporations by total revenue.

    • The company is headquartered in Northfield, Illinois.

    • The Company is publicly owned - NYSE: ALL

    • The Company has circa 63,000 employees (2020).

Allstate was established in Northern Ireland in 1998 to provide high quality software development services and business solutions in support of its parent company, The Allstate Corporation.

Allstate is Northern Ireland's largest IT Company with 2,300+ employees across three sites in Belfast, L'Derry and Strabane. .

On 28th June 2018, Allstate announced the opening of a new £30m headquarters in May's Meadows, Belfast.

The Company currently employs 2,300 staff in Northern Ireland, split between Belfast, Londonderry and Strabane.

Key People:

Belfast office - 10 Mays Meadow, Belfast BT1 3PH

Website - www.allstate.com

CME Group Inc. (Chicago Mercantile Exchange) is a global markets company. It is the world's largest financial derivatives exchange, and trades in asset classes that include agricultural products, currencies, energy, interest rates, metals, and stock indexes.

    • The company is headquartered in Chicago, Illinois.

    • The Company is publicly owned - NASDAQ: CME

    • The Company has circa 4,500 employees (2020)

On 10 October, 2012, CME announced the opening of its technology centre in Belfast, creating 100 high-quality jobs.

CME currently employ 200 people in Belfast.

Key People:

Belfast office - Millennium House, 5th Floor, 25 Great Victoria Street, Belfast, BT2 7AQ.

Website - www.cmegroup.com

Options is a global leader in financial technology managed services and IT infrastructure products. Over 200 firms globally now leverage the Options platform, including the leading global investment banks, hedge funds, funds of funds, proprietary trading firms, private equity houses and exchanges.

    • Founded in 1993, the Company began life as a hedge fund technology services provider.

    • The Company is headquartered in London.

    • The Company is privately owned.

    • The Company has circa 300 employees (2020).

On 26th June 2014, Options announced the opening of a new Belfast office, which will create 100 high-quality jobs.

The Company currently employs 100 people in Belfast.

Key People:

Belfast office - Linen Loft, 27 – 37 Adelaide Street, Belfast, BT2 8FE.

Website - www.options-it.com

Lloyds Banking Group plc is a major British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009.

The Group's history stems from the founding in 1695 by the Parliament of Scotland of the Bank of Scotland, which is the fifth oldest bank in the United Kingdom.

    • The Company is headquartered in London.

    • The Company is publicly owned - LSE: LLOY.

    • The Company has circa 65,000 employees (2019).

The Company currently employs 500 people in Belfast.

Key People:

CEO - António Horta-Osório

CFO - William Chalmers

Belfast Site Lead - TBC

Belfast office - 24 Cromac Place, Belfast BT7 2JB

Website - www.lloydsbankinggroup.com

Liberty Mutual Group is an American diversified global insurer and the third-largest property and casualty insurer in the United States. It ranks 75th on the Fortune 100 list of largest corporations in the United States based on 2018 revenue.

    • The company is headquartered in Boston, Massachusetts.

    • Liberty remains a mutual company.

    • The Company has circa 45,000 employees (2019).

Liberty was established in Northern Ireland in 1996 as Liberty IT to provide high quality software development services and business solutions in support of its parent company.

On 28th June 2018, the Company announced the opening of a new headquarters in Adelaide Exchange, Belfast.

The Company currently employs 500 staff in Belfast.

Key People:

Belfast office - 24-26 Adelaide St, Belfast BT2 8GD.

Website - www.liberty-it.co.uk

Vela Trading Systems is a leading independent provider of trading and market access technology for global multi-asset electronic trading. The Company's software enables clients to rapidly access global liquidity, markets, and data sources for superior execution.

The Company was founded in 2007 as SR Labs. It acquired NYSE Technologies, the commercial technology arm of NYSE Euronext in 2014.

    • The Company is headquartered in New York.

    • It has offices in New York, Chicago, London, Manila and Belfast.

    • The Company is privately owned.

    • The Company has circa 170 employees (2020).

The Company currently employs 75 staff in Belfast, resulting from the acquisition of NYSE Technologies in 2014.

Key People:

Belfast office - Adelaide Exchange Building, 2nd Floor, 24-26 Adelaide Street, Belfast BT2 8GD.

Website - www.tradevela.com

Fidessa group is a UK company which provides software and services, such as trading and investment management systems, analytics and market data, to buy side and sell side clients in the financial services sector.

The Company was listed on the London Stock Exchange before it was acquired by ION Investment Group, which also owns financial content provider Dealogic and financial media group Acuris.

    • The company is headquartered in London.

    • The Company is owned by ION Investment Group.

    • The Company employs circa 1,200 staff (2020).

The Company currently employs 75 people in Belfast.

Key People:

Belfast office - Northern Ireland Science Park, Queens Road, Belfast BT3 9DT.

Website - www.fidessa.com

First Derivatives (FD) is a leading provider of products and consulting services to some of the world’s largest finance, technology and energy institutions. FD is the developer of the world-leading database technology kdb+.

    • The Company is headquartered in Newry, Northern Ireland.

    • The Company is publicly owned - LSE: FDP.L

    • The Company has circa 1,600 employees (2020).

On 30th June 2014 First Derivatives announced the creation of 484 high quality jobs in Newry.

First Derivatives currently employs 1,400 people in Northern Ireland.

Key People:

Newry office - 3 Canal Quay, Newry.

Belfast office - The Weaving Works, Ormeau Ave, Belfast BT2 8HD.

Website - www.firstderivatives.com

FinTrU provides outsourced knowledge services including financial regulatory reporting, compliance and legal services to major financial institutions. Employing over 350 staff in Belfast, with plans to grow to 800 across Northern Ireland, its teams deliver KYC, compliance, legal risk and regulatory projects on behalf of clients in the investment management industry.

    • The Company is headquartered in London.

    • The Company is privately owned.

    • The Company employs circa 500 staff (2020).

On 26th June 2018, the Company announced plans to create over 600 new jobs in Belfast and Londonderry as part of £38m expansion.

The Company currently employs 350 people in Northern Ireland, split between its Belfast and Londonderry offices.

Key People:

Belfast office - FinTrU House, 1 Cromac Avenue, The Gasworks, Belfast BT7 2JA.

Website - www.fintru.com


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Cost Model - 200 Person Financial Services Centre