Financial technology firm Target, which has its headquarters in Cardiff, is creating 250 jobs.
It comes after it was confirmed last week that the business, which specialises in process outsourcing and software solutions to more than 50 financial institutions globally – including Credit Suisse and Goldman Sachs – had been acquired in a £112m deal by Indian IT services giant Tech Mahindra.
The majority of these new roles are based in Cardiff and Newport.
Type of jobs
The new jobs and include positions in IT and software development, customer services, complaints, investments, project management, business analysis, risk compliance and a number of corporate roles.
A number of roles will also be created in the firm’s Chester office.
This significant recruitment drive is a result of a number of high-profile contract wins for Target in the financial services sector and, with the welcome additional support of the $4bn Tech Mahindra, will provide a strong platform for Target to serve its clients.
Target Group, which was set up in Cardiff in 1979 will now employ over 900 people.
This latest expansion comes in addition to the 110 extra jobs created by the group towards the end of 2015.
Ian Larkin, chief executive of Target Group said: ” Our growth is testament to our fantastic team and the great list of clients we have partnering with us, and we are continuing in that vein this year.
“By joining with Tech Mahindra we now have an even stronger proposition with which to pursue new opportunities in the Banking, Financial Services and Insurance markets globally, which in turn will allow us to expand our presence even further in South Wales.”
Rhiannon Williams, HR director Target Group, said: “We are delighted to be creating 250 new career opportunities with the majority in South Wales.
We have a wide variety of jobs available ranging from customer Ssrvices positions to financial roles. We have been incredibly impressed with the talent on offer in the local area and our aim is to always attract and further develop the best the region has to offer.”