Northern Trust Boss Clive Bellows Expects 1,000 New Jobs for Limerick – Pictured: Niall O’Callaghan of the IDA, Clive Bellows head of Northern Trust’s Irish operation, Catherine Duffy MD Northern Trust Limerick and Fergal O’Brien of Ibec. Photo:Press22
Northern Trust Boss Clive Bellows Expects 1,000 New Jobs for Limerick
Clive Bellows, the head of Northern Trust, one of Limerick’s biggest employers believes the company could add an additional 1,000 people to its books locally.
He was speaking at an event in Limerick’s Clayton Hotel, which focused on how to make the Mid-West region a financial hub.
Mr Bellows believes Northern Trust which has bases at the Ballysimon Road and in the National Technology Park – will continue to be able to grow due to the number of skilled graduates coming from the University of Limerick and the Limerick Institute of Technology.
He said: “Seven years ago, our Limerick office only had 100 people. We’re now close to 1,000 people. When I joined, I had in my mind we’d grow to 500 people. But now I see no reason we cannot grow closer to 2,000 people over a ten year period.”
“Around half the staff we have in Limerick have come straight from the University of Limerick or the Limerick Institute of Technology. The quality of graduates we have here are exceptional,” Mr Bellows said.
IDA Ireland’s Mid-Western manager Niall O’Callaghan agreed with Mr Bellows’ comments but said improvements still need to be made to the city’s infrastructure.
“We have worked hard to build the cluster which already exists. Is there a potential for more activity? We’re always out there trying to fight for the foreign direct investment in the market. But I’d err on the side of caution as to what needs to be done in the city to attract more investment. That’s where my focus is,” said Mr O’Callaghan, who also addressed the conference.
He said huge changes need to be made to the traffic issues around the University of Limerick and the National Technology Park.
“We’re seeing some improvements in the pipeline in terms of office space in Limerick. But it’s slower than what we’d like.”
“We’d like to see this come to the market a lot quicker. But if you have the location, talent and infrastructure in place, as we do, there is no reason we cannot win more investment,” the IDA boss added.
Among the other guest speakers were the founding UL president Dr Edward Walsh, Denis McCarthy, who heads Fexco, and Shane Blake the human resource manager at another financial firm ACI Worldwide.
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