FINANCIAL services company Northern Trust is set to exceed its target of creating 300 jobs at its base in Castletroy by the end of this year.
As many as 370 people could be on the payroll in Limerick by the start of 2013, it is understood.
This Friday, the Minister for Finance Michael Noonan will join Northern Trust’s country head for Ireland Clive Bellows in cutting the ribbon at a ceremony to mark the expansion and refurbishment of the Limerick operation at Hamilton House. This includes space for 100 additional desks as well as a new client boardroom and reception area
The company is actively recruiting for 30 new posts, many in the fund administration division transferred from Dublin last year.
Last year, the company said it intended to have hired 300 people in Limerick by the end of 2012 but this now looks set to be surpassed by some distance.
“We are well on track to meet and exceed our target to employ in excess of 300 people in Limerick by the end of 2012,” said Mr Bellows.
“The expansion and refurbishment of our office underpins our continuing commitment to Ireland” and it “highlights our willingness to actively engage with key leaders and industry bodies on topics directly affecting the financial services industry in the region.”
Northern Trust has had a presence in Ireland since 1990 and took on an initial 80 people when it opened in Limerick in 2007.