Northern Trust commits to Ireland
12 June 2017 Limerick
Image: Shutterstock
Northern Trust has committed to expanding its operations in Ireland with the addition of 400 new roles over the next
five years.
Details on what areas of the business will be expanded are expected to be released in the near future. It is the fourth time the bank has significantly invested in its operations in Limerick.
The UK鈥檚 Brexit vote was not directly cited as a factor, but Ireland鈥檚 minister for finance, Michael Noonan, noted that the decision to do so was taken late last year, when the UK appeared to be pursuing a so-called hard Brexit, which would see it lose its financial services passporting rights, lessening the attractiveness of London as a base of operations.
Noonan said: 鈥淣orthern Trust has had a presence in Limerick for a number of years and are now expanding their presence here further. I鈥檓 very proud of this endorsement of the people of Limerick. The access to markets, the skilled workforce and the quality of life in this region I鈥檓 sure are all positive influences in this decision.鈥�
鈥淚n the wake of Brexit it鈥檚 important that we continue to add jobs to the local economy and having met with Northern Trust in London late last year, I鈥檓 grateful that they see Limerick as a key part of their future plans for their operations in Europe. I wish the company and all of their people further success in all of their endeavours.鈥�
Catherine Duffy, general manager for Northern Trust鈥檚 Limerick office, said: 鈥淟imerick is a fund administration centre of excellence for Northern Trust supporting organisations such as leading alternative, multi-manager and traditional investment managers, pension funds, multi-nationals, insurance companies and not-for-profit organisations, worldwide."
鈥淲e aim to create an inclusive, diverse workforce and recruit graduates from across the local region as well as experienced professionals from around the world.鈥�
Northern Trust has had a presence in Ireland since 1989. The bank opened its Dublin office in 2000, and added its first Limerick office in 2007.
five years.
Details on what areas of the business will be expanded are expected to be released in the near future. It is the fourth time the bank has significantly invested in its operations in Limerick.
The UK鈥檚 Brexit vote was not directly cited as a factor, but Ireland鈥檚 minister for finance, Michael Noonan, noted that the decision to do so was taken late last year, when the UK appeared to be pursuing a so-called hard Brexit, which would see it lose its financial services passporting rights, lessening the attractiveness of London as a base of operations.
Noonan said: 鈥淣orthern Trust has had a presence in Limerick for a number of years and are now expanding their presence here further. I鈥檓 very proud of this endorsement of the people of Limerick. The access to markets, the skilled workforce and the quality of life in this region I鈥檓 sure are all positive influences in this decision.鈥�
鈥淚n the wake of Brexit it鈥檚 important that we continue to add jobs to the local economy and having met with Northern Trust in London late last year, I鈥檓 grateful that they see Limerick as a key part of their future plans for their operations in Europe. I wish the company and all of their people further success in all of their endeavours.鈥�
Catherine Duffy, general manager for Northern Trust鈥檚 Limerick office, said: 鈥淟imerick is a fund administration centre of excellence for Northern Trust supporting organisations such as leading alternative, multi-manager and traditional investment managers, pension funds, multi-nationals, insurance companies and not-for-profit organisations, worldwide."
鈥淲e aim to create an inclusive, diverse workforce and recruit graduates from across the local region as well as experienced professionals from around the world.鈥�
Northern Trust has had a presence in Ireland since 1989. The bank opened its Dublin office in 2000, and added its first Limerick office in 2007.
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