Fintech company Global Shares to create 80 jobs

Financial technology company Global Shares plans to create 80 new jobs over the next 24 months.

The west Cork-based company’s plans come “due to a rapid global expansion”, and will bring its total employee base to 228.

Of the new jobs being created, 80 per cent will be based in Ireland, primarily at the group's headquarters in Clonakilty.

The company’s recruitment drive will begin immediately to fill roles in IT, finance, trading and legal.

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According to a statement issued on Tuesday, Global Shares growth has been driven by new contracts with company's including Irish Life, GSK and Italian insurance company Generali.

“Over the last three years Global Shares has achieved phenomenal global sales success, illustrating the potential of Ireland’s financial services sector to create high value, sustainable employment which is of such importance to local communities across the country,” said Michael D’Arcy TD, Minister of State for Financial Services and Insurance.

Growth cycle

Tim Houstoun, the chief executive of Global Shares, said: "We are at a key point in our growth cycle, and have undertaken significant restructuring in recent months to meet the changing needs of our business.

Martin Corkery, regional director with Enterprise Ireland, said: "The company is a great example of an Irish fintech business with global ambition, and our aim is to help more Irish companies like Global Shares to compete and win sustained business in overseas markets."