Global financial institution Northern Trust to create up to 400 jobs over the next five years in Limerick

Country head of Northern Trust in Ireland Clive Bellows said the expansion underlines the company's commitment to Ireland. The expansion is supported by the Department of Jobs through IDA Ireland.

IDA Ireland CEO Martin Shanahan said the financial institution has fantastic growth over its ten years in Limerick and "is now one of the largest employers in the Mid-West region".

Minister for Jobs, Enterprise and Innovation Mary Mitchell O'Connor welcomed the news.

She said Government has been working hard to make Ireland an attractive location to do business, with a minimum of administrative hurdles.

"We value foreign direct investment from companies like Northern Trust which is firmly in the knowledge based sectors," she added.

Northern Trust has been in Ireland since 1989 and opened its Dublin office in 2000.

Its first Limerick office opened in 2007 with 19 staff and today employs 1,000 people across its two sites in Limerick at Hamilton House and City East Plaza.