The Depository Trust & Clearing Corporation (DTCC) has announced plans to double staff numbers at its headquarters in Wales by the end of 2016, creating more than 200 jobs.
On a visit to the company Economy Minister Edwina Hart announced the expansion is being supported by £160,000 from the Wales Economic Growth Fund which will speed up job creation ensuring that seventy of the new posts will be created within months.
Minister Edwina Hart said: “Avox has a client base that is spread across the world, working with 40 global investment banks. This expansion is yet another example that proves Wales is a great location for financial services companies to thrive.
“It also illustrates DTCC’s on-going commitment to continue to grow and invest in the business in Wrexham and I am delighted the Welsh Government is supporting this important investment.
“Welsh Government support will ensure that a high percentage of those new jobs will be created in Wrexham within a matter of months rather than years, providing an immediate boost for the local economy in terms of jobs and salaries.”
Paul Barlow, Chief Operating Officer of Avox Limited, said: “We have had our operations centre in Wrexham for over 10 years and, together with our parent company DTCC, we are pleased to be creating a significant number of new jobs and career growth opportunities for our staff.
“We remain focussed on continuing to build a long term sustainable business in Wrexham, alongside the local community and the Welsh Government.”