Northern Trust To Create Up To 400 New Jobs

Northern Trust is to expand it's Limerick operations with the addition of 400 new jobs over the next five years, the Minister for Jobs, Enterprise and Innovation, Mary Mitchell O'Connor, and Minister for Finance Michael Noonan have announced.

The expansion is supported by the Department of Jobs through IDA Ireland and marks the fourth time Northern Trust has significantly expanded its operations in Limerick.

Clive Bellows, country head of Northern Trust, Ireland, said: "The creation of up to 400 new jobs for Limerick underlines Northern Trust's commitment to Ireland. We have seen growth in the scale and operation of our Irish business over the years and the continued expansion of our office in Limerick reflect this. We gratefully acknowledge the support of IDA Ireland and our local partners such as the University of Limerick and the Limerick Institute of Technology, where we have strong relationships, and recognize the pro-active engagement we have with Irish government representatives, and the local funds industry in Ireland."

Making today's announcement, Minister for Jobs, Enterprise and Innovation Mary Mitchell O'Connor TD said: "This is another great investment for Limerick and I welcome the additional 400 jobs being created over the next five years. As a Government we have been working hard to make Ireland an attractive location to do business, with a minimum of administrative hurdles. We value Foreign Direct Investment from companies like Northern Trust which is firmly in the knowledge based sectors. That is where we have strong competitive advantage. I wish Northern Trust well with its expansion." 

Minister for Finance Michael Noonan T.D. added: "Northern Trust has had a presence in Limerick for a number of years and are now expanding their presence here further. I'm very proud of this endorsement of the people of Limerick and its surrounds. The access to markets, the skilled workforce and the quality of life in this region I'm sure are all positive influences in this decision. In the wake of Brexit it's important that we continue to add jobs to the local economy and having met with Northern Trust in London late last year I'm 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 endeavors." 

Northern Trust, one of the world's leading financial services institutions, has had a presence in Ireland since 1989 and opened its Dublin office in 2000. Its first Limerick office opened in 2007 with 19 staff and today employs 1000 people across its two sites in Limerick at Hamilton House and City East Plaza. 

(MH/LM)