IRELAND - Northern Trust Corporation is to open it's second Irish fund administration operation in Limerick with the support of Ireland's Industrial Development Agency (IDA).
The news, which could lead to the creation of over 300 jobs, was announced by the minister for enterprise, trade and employment, Micheal Martin, who described it as "superb" and added that it would "increase the profile of the Mid-West region as a location for financial services activities".
Northern Trust set up its first fund services division, Northern Trust (Ireland) Ltd, in Dublin in 2000. It now employs over 400 people. The scheduled Limerick opening has been described as a "growth centre for Northern Trust in Ireland in mutual fund administration, CCF (Common Contractual Fund) administration and alternative fund administration".
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