Northern Trust creating up to 400 new jobs in Limerick

Outgoing Finance Minister Michael Noonan calls it a "key" investment in his home county...

Global financial services giant Northern Trust has announced it will create up to 400 new positions in Limerick.

The additional jobs will be phased in over the next five years as it expands its operations across its two sites in the county.

Recruitment for a wide variety of roles is already underway.

Northern Trust currently employs 1,000 people at Hamilton House and City East Plaza. It first planted Limerick roots when it opened an office with a staff of 19 a decade ago.

Michael Noonan is present for today's official announcement in his home county, which will be one of his last engagements in his role as Minister of Finance.

Calling it a further "endorsement of the people of Limerick and its surrounds," Noonan said:

“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."

Clive Bellows, Northern Trust's Irish head, said:

“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 recognise the pro-active engagement we have with Irish government representatives, and the local funds industry in Ireland.”