Michael Noonan Welcomes News of Northern Trust Expansion – The announcement will also be one of the last official engagements for Michael Noonan in his role of Minister for Finance, who said that the announcement is a further “endorsement of the people of Limerick and its surrounds.”
Michael Noonan Welcomes News of Northern Trust Expansion
Michael Noonan has announced that the financial services company Northern Trust has announced 400 new jobs for Limerick, which will be phased in over the next five years.
The expansion is supported by the Department of Jobs through IDA Ireland and is the fourth time that Northern Trust has significantly expanded its operations in Limerick.
The announcement will also be one of the last official engagements for Michael Noonan in his role of Minister for Finance, who said that the announcement is a further “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.
He continued: “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.”
Mayor of the City and County of Limerick Kieran O’Hanlon said: “This announcement is a fantastic vote of confidence by Northern Trust in Limerick.
He continued: “The Company has been in Limerick for 10 years and is constantly expanding its operations in the Limerick city region- to a place where they are one of the region’s biggest employers. The 400 jobs announced by Northern Trust will help boost the economy of the region even further and will act as a beacon for other companies wishing to look for a base in the EU ahead of Brexit.”
The company’s first Limerick office opened in 2007 with just 19 staff and today employs 1,000 people across its two sites in Limerick at Hamilton House and City East Plaza.
Clive Bellows, country head of Northern Trust, said that the creation of these jobs underlines the company’s “commitment to Ireland.”
He 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.”
Chief executive of IDA Ireland, Martin Shanahan said the company’s ability to attract and retain talent is proof positive that Limerick and Ireland is a location that is highly attractive and suitable for global companies in the financial services sector.
Minister for Jobs, Enterprise and Innovation Mary Mitchell O’Connor said: “this is another great investment for Limerick.”
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To visit Northern Trust’s official website click here