New York Stock Exchange - 400 jobs in Belfast

[Denn Forever]

Just heard on the news, New York Stock Exchange setting up offices in Belfast creating up to 400 jobs.  Good news but don't we all hate Bankers?

NYSE creates up to 400 NI jobs 

The jobs will be in technical development and support
The New York Stock Exchange plans to create a technology service centre in Belfast, creating up to 400 jobs.

NYSE chief executive Duncan Niederauer announced his plans in Belfast alongside Northern Ireland's First Minister and Deputy First Ministers.

He said the skills base of the region's workforce, and the personal relationship struck up with Stormont leaders lead to the investment.

Recruitment for the posts will take place over the next two years.

They will be mainly technical jobs, based in Belfast city centre.

BBC business reporter Eddie O'Gorman said the project had been in the pipeline "for quite some time".

"The NYSE bought a Belfast software company called Wombat 18 months ago and Invest NI have been talking to them ever since about expanding.

 
No one should doubt the scale and significance of this expansion which is a major endorsement of our local talent, knowledge and infrastructure

Deputy First Minister Martin McGuinness
"They did announce more jobs at the time of the investment conference in May 2008 and this is just a further stage in the process," our reporter added.

Invest NI will provide up to £9.6m to support the project.

Lobbying

The total of 400 jobs includes 75 which have previously been announced.

Deputy First Minister Martin McGuinness said: "No one should doubt the scale and significance of this expansion which is a major endorsement of our local talent, knowledge and infrastructure.

"It will also send a clear message to other potential investors when such a high profile institution decides to invest here."

First Minister Peter Robinson praised Invest NI's role in attracting the jobs, saying the development comes "at a time when global competition for such investment has never been higher."

Stormont ministers have been lobbying hard in the US for more investment as part of the peace dividend.

Last year industry leaders from 80 US companies attended a conference in Belfast outlining potential investment opportunities.

New York Stock Exchange
Founded by 24 New York city stockbrokers and merchants in 1792
Merged with Paris-based Euronext in 2007
Runs six equity exchanges and eight derivatives exchanges
When US Secretary of State Hillary Clinton visited Northerrn Ireland last week she met business leaders during her series of engagements.

She noted that Northern Ireland had escaped the worst ravages of the global economic downturn and credited the relative success on its educated, highly skilled workforce.

In 2007 New York was the scene for one of the most striking images of the early days of DUP/ Sinn Fein power sharing when then DUP leader and First Minister, Ian Paisley and Deputy First Minister Martin McGuinness of Sinn Fein were photographed ringing the trading bell at the Nasdaq exchange.

The pair also met Mr Niederauer, during the trip and lobbied him on making an investment in Northern Ireland.

The US-based financial group Citi employs about 800 people in Belfast in a technology service centre.

[Norf Tyrone]

Great news for the East again.

Tyrone and Derry shunned once more. Nothing changes.

[ziggysego]

Great news for the East again.

Tyrone and Derry shunned once more. Nothing changes.

Indeed. All the job that were supposed to decentralised by Stormont isn't happening now either. Sammy Wilson did a U turn.

[Norf Tyrone]

I'll expect all the MLAs from this neck of the woods to rally now. Waiting....waiting....waiting.

[Tony Baloney]

Great news for the East again.

Tyrone and Derry shunned once more. Nothing changes.

Indeed. All the job that were supposed to decentralised by Stormont isn't happening now either. Sammy Wilson did a U turn.

Such a bit of whinging. I'd say 90% of NI is within 1.5 hours of Belfast but still people want jobs on their doorstep. Why would the NICS spend an absolute fortune of tax-payers money decentralising departments when there is nothing to be gained. If people want a job enough, they'll travel for it. A couple of hours each way is nothing to people in most other countries.

[ziggysego]

Great news for the East again.

Tyrone and Derry shunned once more. Nothing changes.

Indeed. All the job that were supposed to decentralised by Stormont isn't happening now either. Sammy Wilson did a U turn.

Such a bit of whinging. I'd say 90% of NI is within 1.5 hours of Belfast but still people want jobs on their doorstep. Why would the NICS spend an absolute fortune of tax-payers money decentralising departments when there is nothing to be gained. If people want a job enough, they'll travel for it. A couple of hours each way is nothing to people in most other countries.

We don't have decent roads. Why the hell should the East have everything? FFS, Tyrone don't even have a hospital anymore!

[Minder]

It was going to cost a fortune to decentralise those jobs and there was no way they could do it in the current climate. If they were moved now people would be whinging about politicians wasting taxpayers money.

[bailestil]

The west has suffered more under the executive than under direct rule.

You'd be doing well for a 1.5hr commute form Deryry to belfast

If everything is gonna be put in belfast, the least they can do is build a decent road into the place so it is accessible.

Maybe our MLA's could threaten to pull down power sharing unless London funds a new motorway. isn't that how things work here?

[Tony Baloney]

Great news for the East again.

Tyrone and Derry shunned once more. Nothing changes.

Indeed. All the job that were supposed to decentralised by Stormont isn't happening now either. Sammy Wilson did a U turn.

Such a bit of whinging. I'd say 90% of NI is within 1.5 hours of Belfast but still people want jobs on their doorstep. Why would the NICS spend an absolute fortune of tax-payers money decentralising departments when there is nothing to be gained. If people want a job enough, they'll travel for it. A couple of hours each way is nothing to people in most other countries.

We don't have decent roads. Why the hell should the East have everything? FFS, Tyrone don't even have a hospital anymore!

Cos Belfast is there with it's fancy road, rail and air infrastructure (such as it is). And the west smells.

[nifan]

There is already an office there which is expanding.
Why set up a new office elsewhere?

Good news but don't we all hate Bankers?

It wont be bankers working there

[Mickey Linden]

Is there any chance of more major investment banks coming to Belfast in the near future? At the minute Citigroup are the only ones that are really there.

[ziggysego]

Great news for the East again.

Tyrone and Derry shunned once more. Nothing changes.

Indeed. All the job that were supposed to decentralised by Stormont isn't happening now either. Sammy Wilson did a U turn.

Such a bit of whinging. I'd say 90% of NI is within 1.5 hours of Belfast but still people want jobs on their doorstep. Why would the NICS spend an absolute fortune of tax-payers money decentralising departments when there is nothing to be gained. If people want a job enough, they'll travel for it. A couple of hours each way is nothing to people in most other countries.

We don't have decent roads. Why the hell should the East have everything? FFS, Tyrone don't even have a hospital anymore!

Cos Belfast is there with it's fancy road, rail and air infrastructure (such as it is). And the west smells.

1) Better roads than the west
2) You have rail
3) Derry City Airport and.......?

[Orior]

I hate the East. In fact, I'd never marry a Paki.

[Gnevin]

Great news for the East again.

Tyrone and Derry shunned once more. Nothing changes.

Indeed. All the job that were supposed to decentralised by Stormont isn't happening now either. Sammy Wilson did a U turn.

Such a bit of whinging. I'd say 90% of NI is within 1.5 hours of Belfast but still people want jobs on their doorstep. Why would the NICS spend an absolute fortune of tax-payers money decentralising departments when there is nothing to be gained. If people want a job enough, they'll travel for it. A couple of hours each way is nothing to people in most other countries.

We don't have decent roads. Why the hell should the East have everything? FFS, Tyrone don't even have a hospital anymore!

Cos Belfast is there with it's fancy road, rail and air infrastructure (such as it is). And the west smells.

1) Better roads than the west
2) You have rail
3) Derry City Airport and.......?

You sound like someone from Mayo!

[ziggysego]

Great news for the East again.

Tyrone and Derry shunned once more. Nothing changes.

Indeed. All the job that were supposed to decentralised by Stormont isn't happening now either. Sammy Wilson did a U turn.

Such a bit of whinging. I'd say 90% of NI is within 1.5 hours of Belfast but still people want jobs on their doorstep. Why would the NICS spend an absolute fortune of tax-payers money decentralising departments when there is nothing to be gained. If people want a job enough, they'll travel for it. A couple of hours each way is nothing to people in most other countries.

We don't have decent roads. Why the hell should the East have everything? FFS, Tyrone don't even have a hospital anymore!

Cos Belfast is there with it's fancy road, rail and air infrastructure (such as it is). And the west smells.

1) Better roads than the west
2) You have rail
3) Derry City Airport and.......?

You sound like someone from Mayo!

Take that back!!!