US finance firm to create 50 Belfast jobs

An American financial services company is to create up to 50 jobs in Belfast.

Cowen International is to set up a technology research and development centre in the city, Economy Minister Arlene Foster said.

“This is the kind of high-value project that Invest NI is targeting and is another valuable win for Northern Ireland,” she said.

The centre will provide technology and support services to the Cowen Group and will be responsible for developing new technologies.

Invest NI has offered £500,000 (€600,00) in support of the investment.

The Department of Employment and Learning has also offered £175,800 in support under its assured skills programme.

Cowen International is a subsidiary of US-based financial services firm Cowen Group, which has its headquarters in New York.