Business
New Technology Centre, Belfast Northern Ireland
New Technology Centre, Belfast Northern Ireland.
About this update from Tp Icap Group Plc
[{"type":"text","content":"\n \nRNS Number : 9680F Tullett Prebon PLC 02 August 2016 \n\n \n2 August 2016\nTullett Prebon plc (\"Tullett Prebon\")\nNew technology centre in Belfast, Northern Ireland\nTullett Prebon announces that it is establishing a new technology centre in Belfast, Northern Ireland which will serve as a global hub for the Group's IT operations.\nInvestment in technology is a key pillar of Tullett Prebon's strategy. The new Belfast centre will provide development and technical support for the Group's global business. It will increase IT capacity, accelerate the introduction of new products to market, boost innovation and improve cost efficiency.\nWhen fully operational during 2019, Tullett Prebon expects 300 employees to be located in the Belfast centre, with initial recruitment starting later this year.\nThe development is backed by the regional development agency, Invest Northern Ireland.\nTullett Prebon will incur a net cash outflow for the set-up costs of the Belfast centre of no more than £6m, of which £2m will fall in the current financial year. It anticipates annual savings of around £5m per annum when the centre is fully operational. This is based solely on the current Tullett Prebon IT footprint. The potential for savings is greater when the impact of the acquisition of the ICAP Global Hybrid Voice Broking and Information business is taken into account.\n \nCommenting on today's announcement, John Phizackerley, Chief Executive of Tullett Prebon, said:\n\"I am very pleased to announce the establishment of our new technology centre in Northern Ireland. The combination of a highly educated workforce, attractive business environment and great infrastructure, underpinned by the support of local government and Invest Northern Ireland, is a highly compelling proposition and made Belfast the standout choice for us.\nOur new Belfast centre will play a pivotal role in the delivery of our global technology strategy. It will transform the way our IT teams collaborate across our business and with outside partners, and help the Group deliver key goals.\"\n \nEnds\n \n \nEnquiries: \nAlexandra Wick, Marketing & Communications Director, Tullett Prebon\nDirect: +44 (0) 20 7200 7579\n \nCraig Breheny, Brunswick Group \[email protected]\nDirect: +44 (0) 20 7396 7429\n \nAbou...