US fund administrator Northern Trust is to create 300 new jobs in Limerick over the next three years.
This is the US firm’s second major expansion in three years and will bring its Limerick workforce to over 1,000 by the end of 2017.
This week the company extended its second office location in the city with space for an additional 250 new desks.
Making today’s announcement, An Taoiseach Enda Kenny TD said:
“This is fantastic news for Limerick and the mid-west region. This expansion on top of already well established operations in Limerick reiterates Northern Trusts confidence in the region and acknowledges the great work being done by IDA Ireland in increasing the mix of FDI in the midwest area“
Brendan Long, CareerWise Recruitment
Celebrating its 125th anniversary this year, Northern Trust is one of the world’s leading financial services institutions. It provides investment management, asset and fund administration, banking and fiduciary services to corporations, institutions and affluent individuals worldwide.
Northern Trust has had a presence in Ireland since 1989 and opened its Dublin office in 2000, which now employs more than 500 people. Its first Limerick office was opened in 2006 and also employs more than 500 people. The offices support Northern Trust clients such as leading alternative, multi-manager and traditional investment managers, pension funds, multi-nationals, insurance companies and not-for-profit organisations across the globe.
“We are pleased to announce the continued expansion of our Limerick office as a result of sustained business growth. We gratefully acknowledge the support of IDA Ireland and the Irish Government as we focus on growing our Limerick office over the next few years, which together with our Dublin operations, will continue to position Northern Trust in Ireland as a key centre of fund administration.”
Clive Bellows, Country Head Northern Trust Ireland
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