The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
149 jobs Number of planned job creations
Announcement Date
26 July 2007
Employment effect (start)
Foreseen end date
Description
149 jobs are to be created in Belfast as a result of a multi-million pound investment by the Bank of Ireland Group. The 149 are in the specialist area of hedge fund management.
The bank's group chief executive Brian Goggin said the decision to set up the operation in Belfast was because of the quality of the people available. Bank of Ireland has 44 branches and eight business centres in Northern Ireland, employing 1,300 staff.
Invest Northern Ireland has offered support of over £2m towards the initiative, which was announced on July 26th by First Minister Ian Paisley and Deputy First Minister Martin McGuinness.
Sources
26 July 2007: BBC Website
Citation
Eurofound (2007), Bank of Ireland Group, Business expansion in United Kingdom, factsheet number 65637, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65637.
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