Martin Shanahan, IDA Ireland CEO
AN INTERNATIONAL financial services company has announced that it will be creating 45 jobs at the launch of its new Limerick offices.
FundRock, which has a network of offices in Luxembourg, London and Dublin, officially launched its new office at the Castletroy Park Commercial Complex, Castletroy, on Friday.
Supported by IDA Ireland, FundRock currently employs 20 people and envisages to grow to more than 45 over the next year and a half.
The majority of the work undertaken in Limerick is aimed to support the core activities performed by FundRock, including risk, oversight and investment compliance.
Conor O’Brien, who is managing director of the Irish branch, said he is “absolutely delighted” to announce FundRock’s expansion.
“We have had a longstanding connection to the city by offering internships to students studying at the University of Limerick and I truly believe we have made an excellent choice to build our new centre of excellence here.”
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Group CEO, Xavier Parain also welcomed the launch of the Limerick offices.
Commenting on the announcement Minister for Business, Enterprise and Innovation Heather Humphreys said: “I am delighted to see FundRock expanding their presence in Ireland with the opening of this Limerick office and 45 new jobs over the next 18 months. Ireland is a hub for International Financial Services companies and I warmly welcome this new investment, particularly as it is bringing high quality jobs to the Mid-West.”
Martin Shanahan, CEO, IDA Ireland said “Fundrock’s choice of Limerick as its regional second site in Ireland is testament to the company’s positive experience of the business environment here.
Mayor of Limerick City and County, Cllr James Collins said: “I am absolutely delighted to welcome FundRock to Limerick. It is great news for the region and a sign of the Mid-West’s growing attractiveness to international companies.
“FundRock has an excellent reputation and a longstanding connection to the University of Limerick. Their choice to locate here shows that Limerick is on the map with International Financial Services companies and I warmly welcome this new investment, particularly as it is bringing high quality jobs to the Mid-West.”