A financial services company has announced the creation of a European delivery center in Letterkenny and the creation of 300 jobs over the next five years.
FinTrU is headquartered in Belfast and works with investment banks around the world, helping their clients meet regulatory obligations.
The company currently employs over 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 consecutive year.
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 by FinTrU today are a testament to the growth and achievements of the company as it invests in and benefits from the skills and talents of the entire island. I wish FinTrU many years of continued success in its operations here,” he said.
FinTrU Founder and Managing Director Darragh McCarthy said: “The highly skilled and ambitious talent based here in Donegal was a major motivating factor in FinTrU choosing Letterkenny as their next EU base. This new location will support more FinTrU as we continue to work with the world’s leading international investment banks.”
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 sites, including here in Co Donegal The half-year results announced last week, and this announcement today, demonstrate IDA Ireland’s continued commitment to securing jobs and investment in regional sites.”
FinTrU is currently recruiting in the areas of compliance, legal and operations. The company has also launched a graduate recruitment program, the FinTrU Financial Services Academy, which is now accepting applications. Applicants will be considered in all degree disciplines.