Published Wednesday, 16 May 2012
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Belfast jobs boost
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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."