Limerick received a jobs boost this morning with the announcement that 300 financial services posts are to be created.
Northern Trust Corporation will set up its second fund administration operation in the city.
The Limerick operation will be based at Hamilton House, Phase 2, on the National Technology Park. At least 300 workers are expected to be hired over a five-year period.
The company is one of the world's leading financial services institutions and specialises in providing asset servicing, asset management, wealth management and banking solutions to institutional and personal investors worldwide.
In 2000, it established a fund services division in Dublin, where it employs more than 400 people.
Vic Holmes, managing director of Northern Trust (Ireland) and head of Northern Trust's offshore fund administration activities, said Limerick was a "great location with access to graduates from the University of Limerick and the Institute of Technology, as well as having an excellent transport>infrastructure that ensures the city is well connected to other major locations within, and outside of, Ireland."
Making the announcement this morning, Minister for Enterprise, Trade and Employment Micheál Martin said: "Today's announcement is superb news for Limerick.
"Northern Trust's further investment is a testament to the success it has achieved in Ireland to date and shows that Limerick and its environs can provide a talented and skilled labour pool with the support infrastructure required by a world-leading financial services company of this calibre."
