Belfast Telegraph

US financial company in jobs boost

Up to 300 jobs are to be created at a financial services company over the coming three years, it has been announced.

Northern Trust, headquartered in Chicago in the US, said it was looking for local graduates as well as Irish professionals overseas who want to return home for its expanded operations in Limerick.

The company sells investment management, asset and fund administration - as well as banking services to corporations, institutions and wealthy clients around the world.

It has had a presence in Ireland since 1989 and opened its Dublin office in 2000 - which employs more than 500 people. The Limerick office was opened in 2006, where another 500 staff are based.

Taoiseach Enda Kenny said the financial services sector would be key to Ireland's economic recovery.

"I'm delighted to welcome Northern Trust's announcement of 300 new jobs," he added.

"This is great news for Limerick and the mid-west region, and for those looking for work or new opportunities in Limerick and surrounding areas."

Clive Bellows, of Northern Trust, said the taxpayer-backed expansion in Limerick was a result of sustained growth in its business.

"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," he said.

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