The company opened its first Limerick office in 2007 with just 19 staff. Now it employs 1,000 people across two offices in the Irish city.

US-based firm Northern Trust will add up to 400 jobs in Limerick in the Republic of Ireland over the next five years, as it celebrates its tenth anniversary in the city.

The expansion is supported by the department of jobs through IDA Ireland, and it is the fourth time Northern Trust has expanded its operations in Limerick, the firm said in a statement.

WealthBriefing understands the jobs will created in the following sectors; traditional and hedge fund accounting, transfer agency, financial reporting, pricing, custody, private equity, alternative asset administration, client reporting, real estate administration, as well as roles supporting employee functions such as finance, information technology, human resources and training, and corporate services.

“The creation of up to 400 new jobs for Limerick underlines Northern Trust’s commitment to Ireland,” said Clive Bellows, country head of Northern Trust Ireland. “We have seen growth in the scale and operation of our Irish business over the years and the continued expansion of our office in Limerick reflect this. We gratefully acknowledge the support of IDA Ireland and our local partners such as the University of Limerick and the Limerick Institute of Technology, where we have strong relationships, and recognize the pro-active engagement we have with Irish government representatives, and the local funds industry in Ireland.”

Northern Trust has had a presence in Ireland since 1989 and opened its Dublin office in 2000. Its first Limerick office opened in 2007 with 19 staff. Now, it employs 1000 people across its two sites in Limerick at Hamilton House and City East Plaza.