A financial services firm has announced the establishment of a European Delivery Centre in Letterkenny and the creation of 300 jobs over the next five years.
FinTrU is headquartered in Belfast and works with investment banks across the globe, helping their clients meet regulatory obligations.
The firm currently employs more than 1,000 people worldwide with offices in Derry, Dublin, London, Maastricht, and New York. In March 2022, FinTrU was named by the Financial Times as one of Europe’s fastest growing companies for the second year in a row.
The project is supported by the Government through IDA Ireland.
Taoiseach Micheál Martin said the jobs announcement was "wonderful" news for Letterkenny. "The new positions announced today by FinTrU are testament to the company’s growth and achievements, as it invests in, and benefits from, skills and talent from across the whole island. I wish FinTrU many more years of continued success in their operations here," he said.
FinTrU founder and chief executive Darragh McCarthy said: "The highly educated and ambitious talent based here in Donegal was a major motivating factor in FinTrU choosing Letterkenny as the next EU base. This new location will further support FinTrU as we continue to work with the largest international investment banks across the world."
IDA Ireland chief executive Martin Shanahan said: "Last week, IDA Ireland announced that 73 of the 155 investments won by the agency in the first half of 2022, went to regional locations, including here in Co Donegal. The mid-year results announced last week and this announcement today, demonstrates IDA Ireland’s continued commitment to winning jobs and investments in regional locations."
FinTrU is currently recruiting in the areas of compliance, legal and operations. The firm has also launched a graduate recruitment programme, the FinTrU Financial Services Academy, with applications now being accepted. Candidates will be considered from all degree disciplines.