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Huge jobs boost for city firm First Derivatives

A Newry firm has announced the creation of 500 new jobs. The First and Deputy First Ministers were in Newry Yesterday (Monday) as First Derivatives announced 484 new jobs in the city. First Derivatives is a global provider of trading and risk management software systems and consulting services for multi-national financial institutions and technology vendors. Speaking in Newry First Minister Peter Robinson said: ” I welcome today’s announcement of 484 new jobs for Newry which will generate over £22m per year to the local economy in salaries and provide high quality employment opportunities. The Northern Ireland Executive has made growing our economy its number one priority and through continued job creation and expansion by companies by companies such as First Derivatives Group we will meet that goal. First Derivatives is one of Northern Ireland’s most successful indigenous software companies and should be commended on its remarkable achievements in what is a highly competitive global market. I very much welcome that today’s investment will see First Derivatives Group grow its staff to almost 1,500 worldwide with clients from the top 100 global financial institutions.” Deputy First Minister Martin McGuiness said: “I am delighted to be in Newry for the announcement of 484 high quality jobs this is another sign of the Executives plans for jobs and investment are working. I congratulate Brian Conlon CEO First Derivatives and his team through their hard work and entrepreneurial spirit have developed a global company providing software and consulting services to the financial services sector. Today’s announcement is a clear indication that First Derivatives remain responsive to the evolving needs of local markets. They are a local company with an international reputation for quality and services and everyone involved should be proud of their achievements. I wish First Derivatives Group continued commercial success which will benefit not just the people of Newry but everyone in the north of Ireland.” The company’s expansion plans are supported by a total of £3.9m from invest NI. Brian Conlon CEO added: “These investments will substantially increase the capacity of First Derivatives and enable the Group to develop new business in export markets. Critical to the success of our business is the quality of staff and we know from experience that we can recruit excellent staff locally. Invest NI’s ongoing support continues to be beneficial to our growth plans.”


Newry Democrat

1st July 2014