Northern Trust announce 300 new jobs for Limerick

By Business & Finance
06 March 2015

An Taoiseach, Enda Kenny TD; the Minister for Jobs, Enterprise and Innovation, Richard Bruton TD; and Clive Bellows, country head Ireland at Northern Trust, today announced that the company is to expand its operations in Limerick by creating up to 300 new jobs over the next three years.

The creation of 300 new jobs for Limerick underlines Northern Trust’s commitment to Ireland, and is the second investment in jobs announced by the company in the last three years.

As a result of its continued and sustained business expansion, 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.

Making today’s announcement, An Taoiseach said: “I’m delighted to welcome Northern Trust’s announcement of 300 new jobs. 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. The Government is working to secure the recovery for the whole country and the financial services sector is a major employer and a key part of our recovery plan. To help grow the sector and create more jobs the Government will publish a new plan for the sector next week.”

Minister Bruton, who has met senior Northern Trust executives on a number of occasions since taking office, said: “Jobs are now growing in every region – but at the heart of our Action Plan for Jobs is accelerating that growth right across the country. 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. I wish Clive and his team every success with this project and look forward to working with them in the future.”

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 said.

Northern Trust, celebrating its 125th anniversary this year, 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.