THREE hundred new jobs have been announced for Letterkenny.
The jobs will be created over the next five years by FinTrU, a technologically-enabled Regulatory Solutions company, following its announcement of an establishment of a European Delivery Centre in Letterkenny.
FinTrU was set up in 2013 and is headquartered in Belfast.
It designs technology-enabled solutions for Investment Banks across the world.
The global company currently employs more than 1,000 people worldwide with offices in Belfast, Derry, Dublin, London, Maastricht, and New York.
In March, 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 Irish Government through IDA Ireland.
FinTrU Founder and CEO, Darragh McCarthy said he was delighted to announce the regional expansion with the establishment of the Letterkenny site.
“The highly educated and ambitious talent based in Donegal was a major motivating factor in FinTrU choosing Letterkenny as the next EU base.
“FinTrU has enjoyed a great relationship with the North West region, having set up our Derry office in October 2018, with over 300 employees presently working at this site.
“We already employ several people from Letterkenny and the wider county of Donegal, so it was a natural step for us to open an EU Delivery Office right here in Letterkenny.
“This new location will further support FinTrU as we continue to work with the largest International Investment Banks across the world.
“FinTrU has forged a great partnership with IDA Ireland, Donegal County Council, Donegal Education and Training Board (ETB) and the Atlantic Technological University over the years and we are delighted to be working with them in delivering this project over the years to come,” he said.
Taoiseach Micheál Martin said FinTrU’s announcement that it is creating 300 jobs in Letterkenny, Donegal and the North West was wonderful news.
“Ireland has established itself as a leading global financial services centre and we are committed to building on this success.
“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,” he said.
FinTrU 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.
IDA Ireland CEO Martin Shanahan said the announcement was a “red letter day” for Letterkenny.
“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 county 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.
“This is, without doubt, a red-letter day for Letterkenny. This investment, creating 300 jobs in this region is hugely significant. It represents confidence by FinTrU in the North West and will be a substantial boost to the local economy.
“I wish FinTrU every success with this expansion,” he said.
FinTrU is currently recruiting in the areas of compliance, legal and operations.
To explore these opportunities see www.fintru.com/careers.