A WREXHAM Industrial Estate firm is to create 70 new jobs within months, a minister will announce today.
Booming data cleansing subsidiary Avox Limited announced earlier this year that it plans to double its workforce in Wrexham by the end of 2016 – creating 200 new roles in total.
But it is ahead of schedule, and 70 new recruits are to be taken on within months.
Welsh Economy Minister Edwina Hart will visit the firm today to announce the good news that the firm is creating the roles ahead of schedule, supported by the Welsh Government.
The expansion at Avox, a wholly owned subsidiary of the Depository Trust & Clearing Corporation (DTCC), is being supported by £160,000 from the Welsh Government’s Wales Economic Growth Fund.
Mrs 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 ongoing commitment to continue to grow and invest in the business in Wrexham.
“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 more than 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.”
Avox was formed in 2003 to provide a solution to data integrity for international banking transactions.
The company was bought by Deutsche Borse and, in 2010, was sold to DTCC, a not-for-profit company jointly owned by the banking industry in the US.
Since its acquisition, Avox has increased its headcount at its operations centre in Wrexham from 140 to 215 people.
On her visit to Wrexham Mrs Hart will also visit call answering specialists Moneypenny.