More than 500 new financial services jobs are being created in Northern Ireland, it was announced today.
The investment by international banking group Citi will see a major expansion of its current operation in Belfast.
The boost has been backed by a £8.4 million grant from Government business support body Invest Northern Ireland.
First Minister Peter Robinson and Deputy First Minister Martin McGuinness welcomed the 501 new jobs as they officially opened Citi’s new offices in Belfast’s Titanic Quarter.
Citi, one of the world’s largest banking corporations, has been in the city since 2004 and currently employs 900 staff.
The workforce service the legal, operational and technology needs of Citi offices and clients around the world, but primarily in the Europe, Middle East and Africa market.
Mr Robinson said the move would generate £16 million of new annual salaries into the local economy.
PA