Finance jobs boost for Belfast

Published Wednesday, 16 May 2012
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A jobs boost has been announced for Belfast by international company Augentius Fund Administration.

Finance jobs boost for Belfast
Around 150 new jobs will be created at Augentius by the end of 2014. (© DETI)

A new Operational Centre of Excellence (OCE) is being created in the city by the firm which is expected to employ 164 staff by the end of 2014.

Augentius provides outsourced fund administration services to the private equity and real estate sectors.

The company was established in London and Guernsey 10 years ago.

Since then, it has expanded internationally and now has offices in New York, Luxembourg, Mauritius, Singapore and The Netherlands.

In recent times, 17 jobs were filled at Augentius' new Belfast base and this is expected to grow to 30 by the end of the year.

David Bailey, Managing Partner of the firm, said they had "a strong reputation for the development of its staff."

He said: "We take junior and part qualified accountants, train them in our sector and support them to obtain their professional qualifications. We have people who joined us as trainees and are now fully qualified accountants responsible for their own teams and clients and I am very proud of this achievement."

"As a consequence, the availability of high quality people along with a strong educational sector was one of the important factors to us when considering the locations for our investment and we are looking forward to working with Queen's University and the University of Ulster going forward."

Enterprise Minister Arlene Foster said: "This investment, the first ever from a London based fund administration company, is a significant milestone in the development of the financial services sector in Northern Ireland.

"Augentius considered several other locations for the centre, including Canada, China, India, Dublin, and other UK cities.

"Its decision to locate here reflects a desire by the company to maintain core service centres within the UK and the very strong reputation that Northern Ireland has built up as a cost-effective working environment with access to a skilled and educated workforce."

© UTV News
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3 Comments
Busted in Coleraine wrote (945 days ago):
Can the moderators please stop David Ford from posting comments on this site? Thank you.
Jamesbelfast in Belfast wrote (946 days ago):
In response to Pete in Derry. To get the answer to your question as to why the company based their business in Belfast you would have to ask representatives of the company. Have you asked the company or the government minister concerned this question and if so have you had a reply? I have read through your post and found the grammar to be poor indeed so if I was recruiting for a prestigious company I doubt your application form would get past the first round of selection. The company concerned will be seeking to recruit people with good written communication skills so not all graduates may be capable of such work. Many companies nowadays just don’t take qualifications at face value but look for someone who can also demonstrate good life skills – good written communication being one of them. Also remember you never get a second chance to make a first impression and judging from the grammar in your post it just does not impress me in the least. I understand your frustrations not finding employment suited to what you think you are best suited and please take my comments as constructive criticism in the hope of improving your chances of finding a better job.
pete in derry wrote (947 days ago):
I can tell you where the jobs are going...BELFAST! AS PER USUAL. Why is this? Why is Derry getting ignored on the job situation by invest NIBelfast time and time again?? Why does Ilene foster always sway companies to belfast? The last 10 major job announcements have been confirmed in Belfast creating over a thousand jobs while Derry has seen nothing! only this week 60 jobs has been confirmed that they be centralised to belfast, oh and where are these civil service jobs pension department jobs that was announced last year that were to be created in Derry in spring 2012 which according to my calender is round about now but I aint heard nothing about them! Are people in Derry Stupid? Are we not educated enough or not nice enough ppl that we get continuously ignored? I have a degree, work in a call centre, within 5 feet of me at my place of work 5 people sit who also have degrees of which two have master degrees! It seems that this call centre is best we will get in Derry. How are people in Derry going to celebrate this fasad of city of culture? From the freaking dole ques??? I for one do not want to move to belfast, I have a family so it is very unpractacle. What are the likes of mcguiness, anderson, eastwood and durkhan doing in that assembly? All they do is talk about the past but what about the future???????? I am so angry, the highly educated guys who i work with in our lame call centre jobs are also angry. Turn Belfast into a metropolis then maybe Derry might get bone or two. As for young people selling drugs in this city which i totally disagree with, i wonder why this problem is on the up!!!
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