Limerick is to receive 300 new jobs over the next three years through an expansion by financial services player Northern Trust.
Northern Trust’s Limerick operations are now expected to reach more than 1000 employees by the end of 2017. This week it extended its second office location in the city with space for an additional 250 new desks.
125 year-old financial services player 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.
“The continued expansion of our Limerick office is a testament to our strong relationships and commitment to the mid-west region,” said Catherine Duffy, head of Northern Trust’s Limerick office.
“In addition to recruiting graduates from the local region, we are also looking for experienced professionals from across the world, or perhaps those looking to return to Ireland. The expansion of our second building in Limerick will offer greater capacity to continue to support this sustained acceleration of our business in Ireland.”
Jobs Minister Richard Bruton TD said the emphasis is on spreading jobs growth across Ireland’s regions.
“We are putting in place a range of measures in order to deliver on this, and today’s announcement that Northern Trust is creating 300 extra jobs is a huge boost for Limerick and the broader mid-west region,” Minister Bruton said.
IDA Ireland executive director Dermot Clohessy said the expansion is a vote of confidence in the mid-West region.
“The company was already a substantial employer in Limerick and adding these 300 jobs will have a very significant positive impact on the economy of the region,” Clohessy said.
Limerick panorama via Shutterstock