Business expansion
United Kingdom
Northern Ireland;
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

185 jobs
Number of planned job creations
Job creation
Announcement Date
26 October 2006
Employment effect (start)
Foreseen end date


Financial Services firm Citigroup has announced that 185 jobs will be created at its technology centre of excellence in Belfast. It said the investment would 'contribute a further 21 million GBP to the local economy' and bring employment at Citigroup's Belfast operation to 560.

Invest Northern Ireland has offered 3.6 million GBP in financial assistance for the investment. Secretary of State Peter Hain said Citigroup's commitment to Northern Ireland was clearly evident through several major investments it had made.

'This new investment will strengthen Citigroup's presence in Northern Ireland, provide high quality, sustainable career opportunities and further enhance and build Northern Ireland's reputation as a world class centre for financial services companies', he said.

Robert Druskin of Citigroup Corporate and Investment Banking said its Belfast centre 'has delivered significant benefits to our global operations'.

'With the rapid development of our Belfast operation, we are now in a position to strengthen our presence with a second major investment,' he said.

'We are confident that through our renewed commitment to this region we will continue to add value both to Citigroup and the NI economy.'


  • 26 October 2006: BBC News


Eurofound (2006), Citigroup, Business expansion in United Kingdom, factsheet number 64323, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64323.