Belfast is set to become a major hub for financial services as a wave of new US investment sweeps across the UK. Bank of America announced plans to create up to 1,000 jobs in the city, marking its first operational base in Northern Ireland.
The bank joins Citigroup, PayPal, and S&P Global in pledging over £1.25 billion in investments ahead of US President Donald Trump’s state visit to the UK. Citigroup reaffirmed its long-term presence in Northern Ireland, while other firms signaled fresh commitments to growth across London, Edinburgh, and Manchester.
According to the UK’s Department for Business and Trade (DBT), the new Belfast facility will establish the city as a “centre of excellence for financial technology and security operations.” It will house advanced anti-money laundering and cyber security systems, reinforcing Northern Ireland’s position as a global fintech destination.
Bank of America CEO Brian Moynihan said the investment reflects confidence in the UK, adding, “We are pleased to extend our investment with the creation of a new Belfast operations facility to support our global business.” Recruitment is expected to begin soon, with a gradual scale-up of operations.
Deputy First Minister Emma Little-Pengelly welcomed the move, calling it a “hugely significant sign of confidence” in Northern Ireland’s highly skilled workforce and growing reputation in professional services. Chancellor Rachel Reeves also hailed the announcements, saying they highlight the “immense potential of the UK economy” and the strength of transatlantic business ties.
The investment builds on Bank of America’s earlier three-year programme supporting digital skills and employability in Belfast, and underscores international confidence in the region’s economic future.
US Financial Giants Boost UK Presence with Belfast at Centre of Growth
