This article is from page 63 of the 2008-02-05 edition of The Clare People. OCR mistakes are to be expected so download the original SWF or the rendered page 63 JPG
“We have been very happy with the people here,’ he said. “In the first nine months we have gone from zero to 30 billion US dollars in assets, and from 19 to 91 employees.”
The Northern Trust Corporation 1s one of the world’s leading financial services institutions.
It provides asset servicing, asset
management, wealth management, and banking solutions to institution- al and personal investors throughout the world. Founded in Chicago in
1889, it is a top ten asset manager by assets under management.
It is a leading fund administrator in Europe and one of the largest per-
sonal wealth managers in the United States.
Northern Trust describes the Lim- erick office as a growth centre in Ire- land in mutual fund administration, CCF (Common Contractual Fund) administration and alternative fund administration, supporting Northern Trust’s fund clients in Ireland and around the world.
The corporation set up a fund serv- ices division in Dublin in 2000, and already has 500 people employed there. The establishment of this sec- ond operation in the mid west, with the potential to create up to 300 high level positions, was announced by IDA Ireland in September 2006.
The office, which is in Block 2, Hamilton House, Plassey Technol- ogy Park, was officially opened by Michael Ahern, Minister of State at the Department of Enterprise, Trade and Employment.
“The mid-west region 1s a very at- tractive location for multinational companies to establish a base, with
a strong community support for business and the availability of high quality graduates and skilled people, as well as a wide choice of property solutions supported by an interna- tional standard infrastructure and an excellent quality of life for all,” said WW Gtimaueoure
Mr Osborn added that Northern Trust was delighted with the sup- port and encouragement from IDA Ireland and the local and business community.