West Cork fintech firm Global Shares creates 80 jobs in new expansion
A navigation beacon on the coast of Baltimore, West Cork. Image: Hugh O’Connor/Shutterstock

West Cork fintech firm Global Shares creates 80 jobs in new expansion

1 Aug 2017115 Shares

Fintech firm Global Shares is planning a global expansion across its 10 offices, bringing staff numbers to more than 200.

Following significant growth, Global Shares has announced that it plans to hire 80 staff in a major expansion at its offices in Clonakilty, Cork city, Dublin, London, Edinburgh, Portugal, Germany, New Jersey, California and Hong Kong.

A spokesperson for the fintech software firm – which is a provider of share-plan administration software, share dealing, global custody and financial reporting tools – said that 80pc of the new positions will be based in Ireland, primarily at its headquarters in Clonakilty.

The new positions are to be created across many areas of the business, including: IT, financial, multilingual share-plan analysts, service desk staff, trading and legal.

Global Shares said that recruitment will begin immediately, with all positions to be filled over the next 24 months.

Over the past two years, the company’s client base has grown from 150 to 250 across 25 different countries, with six FTSE 100 companies, including GSK, Sage and Legal & General.

Global Shares’ number of employees will have increased from 68 in 2015, to 228 once this latest recruitment drive is complete.

‘We have exceeded our three-year expansion target’

Speaking at the announcement of the new positions, Global Shares CEO Tim Houstoun said: “Today’s job announcement is significant in that we have exceeded our three-year expansion target set in 2015 to create 80 new jobs, with today’s announcement bringing the total to 160 new positions.

“We are at a key point in our growth cycle and have undertaken significant restructuring in recent months to meet the changing needs of our business.”

Having received support from the Government, Enterprise Ireland’s regional director for the south and south-east, Martin Corkery, welcomed Global Shares’ announcement.

“The company is a great example of an Irish fintech business with global ambition and our aim is to help more Irish companies like Global Shares to compete and win sustained business in overseas markets,” he said.

“Enterprise Ireland looks forward to continuing to work with Global Shares to continue to support their growth ambitions as they expand their reach even further in global markets, strengthening their customer base internationally and continuing to create jobs here in Ireland.”

Colm Gorey
By Colm Gorey

As an award-winning editor for Consumer Magazine of the Year 2013, Colm joined Siliconrepublic.com in January 2014 as a journalist covering AI, IoT, science and anything that will get us to Mars quicker. When not trying to get his hands on the latest gaming release, he can be found lost in a sea of Wikipedia articles on obscure historic battles and countries that don't exist anymore or watching classic Simpsons episodes far too many times to count.

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