Abacus Careers partner with The Bank of London to build UK Centre of Excellence.

Abacus Careers partner with The Bank of London to build UK Centre of Excellence.

23 June 2022 by Justin Rush

Something really big is happening in the world of banking…The Bank of London has arrived in Belfast. The investment being made by this firm is significant, it reflects huge belief in the talent from the Northern Ireland market. The creation of 232 new jobs at the Belfast based ‘UK Centre of Excellence’ is another marker in the steep growth trajectory of The Bank of London.

‘The Bank of London is a leading-edge technology company and the world’s first purpose-built global clearing, agency and transaction bank. We leverage our patented technology innovations and differentiated bank capabilities to lift economies and communities by powering the borderless economic infrastructure of the future.

Our clients are banks, clearing houses, digital & traditional asset firms, governments, financial services companies from local fintechs to global institutions, payment networks and non-financial brands seeking to launch fully compliant financial products and services in-country and cross-border.

Headquartered in London, with offices in New York and now Belfast, Northern Ireland, The Bank Of London are working in partnership with Abacus Careers to recruit a top-class team of professionals across a range of disciplines.

The firm’s founder and chief executive Anthony Watson described Belfast as the UK’s “gateway city to the European Union”.

“This coupled with Belfast’s exceptional FinTech talent across multiple disciplines, makes it the logical choice for The Bank of London’s Centre of Excellence to power our UK expansion,” he said.

Lord Peter Mandelson, a former Northern Ireland secretary in Tony Blair’s government, is the deputy chairman of the group.

He said: “The people of Northern Ireland left an indelible impression on me, and I’m delighted that our firm has selected Belfast for its Centre of Excellence”.

The Bank of London is a start-up clearing bank that approves and processes payments. It already employs about 34 staff and is advertising a further 54 roles. The company says it is expected to generate about £20m in annual salaries for the local economy.

Damian Farrell is Director at Abacus Careers, the Belfast-based business acting as recruitment partner for The Bank of London locally.

He commented: ‘My team and I are really enjoying working with this unique, new entrant to the local market. The Bank of London possesses all the attributes of a start-up; high energy, solution-orientated and mission-focused. However, given their backing, they have big company support in all areas to ensure effective growth. You can understand why their arrival is causing such a stir!’

Those interested in finding out more about The Bank of London; its growth plans in Belfast, details of core values, current job opportunities and forthcoming events should visit www.abacus.careers/thebankoflondon


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