Saturday 22 July 2017

Northern Trust plans further Limerick growth

Sean Duffy

US-based financial services firm Northern Trust plans to add 200 new roles in Limerick, taking total staff to 1,200.

Northern Trust's senior vice president Eamonn Fallon announced the planned expansion, and said a majority of roles at the firm are being filled by graduates.

He was among a panel of experts who discussed the potential to develop financial services in Limerick in front of an audience of 150 business and political leaders at the Westin Hotel, Dublin on Wednesday.

Northern Trust's Limerick operation is drawing staff from 13 counties, he said.

The event was organised by Dublin-based Capital Limerick, a group set up to promote the Mid West. The panel was made up of economist Dr Stephen Kinsella of the University of Limerick, Kevin Thompson, CEO of Insurance Ireland, Andrea Linehan, commercial director of Irish startup Grid Finance, Eamonn Fallon and moderated by Irish Independent Business Editor Donal O'Donovan.

Niall O'Callaghan, of the IDA also addressed the event.

"Limerick is well-positioned to attract firms with its pro-business environment, appropriate talent, good infrastructure and connectivity, supported by a strong city brand," Mr Thompson told the audience. "However, financial services firms tend to cluster in financial centres and the importance of reminding the industry of the Mid West's roots in aircraft leasing and the recent expansion of the financial services offering, cannot be underestimated in terms of attracting further investment." Kevin Thompson told the audience.

Irish Independent

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