Bank of Ireland Group

Type
Business expansion
Country
United Kingdom
Region
Northern Ireland; Northern Ireland; Belfast
Location of affected unit(s)
Belfast
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
149 jobs
Number of planned job creations
Job creation
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://apps.eurofound.europa.eu/restructuring-events/detail/65637.