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Major jobs boost for West Cork

Tuesday, 1st August, 2017 9:57am

Good news is emerging from West Cork this morning as a Clonakilty company has announced further job creation.
Global Shares today announced the creation of a further 80 new jobs, bringing its total global employee base to 228.
Recruitment will begin immediately with all positions to be filled over the next 24 months. 

80 per cent of the new positions will be based in Ireland, primarily at its headquarters in Clonakilty.
The company described itself as a leading global provider of share plan administration software, share-dealing, global custody and financial reporting tools.
The new positions - some of which are supported by the Department of Jobs, Enterprise and Innovation through Enterprise Ireland - are across many areas of the business including IT, financial, multi-lingual share plan analysts, service desk, trading and legal.
The company claim that the recruitment drive comes on the back of significant growth in Global Shares’ client base which has grown in the past two years from 150 to 250 clients based in 25 countries with participants in more than 100 countries.
Today’s announcement, Global Shares says, follows the rapid growth in employee numbers over the last number of years rising from 68 staff in 2015. The latest recruitment drive will grow the Global Shares team to a total of 228 staff members across the company’s 10 offices – Clonakilty, Cork city, Dublin, London, Edinburgh, Portugal, Germany, New Jersey, California and Hong Kong.
Speaking at the announcement in West Cork this morning, Minister of State for Financial Services and Insurance Michael D’Arcy said: “I am delighted to join the Global Shares team today in its global headquarters in Clonakilty to celebrate the announcement of 80 new high tech and professional jobs. Over the last three years, Global Shares has achieved phenomenal global sales success, illustrating the potential of Ireland’s financial services sector to create high value, sustainable employment which is of such importance to local communities across the country."

Tim Houstoun, CEO, Global Shares said that the job announcement is significant because the company has exceeded its three-year expansion target set in 2015 to create 80 new jobs.

He added: “We are at a key point in our growth cycle and have undertaken significant restructuring in recent months to meet the changing needs of our business. This growth has led to the launch of a significant recruitment drive for high-skilled roles and we look forward to receiving applications from those who wish to be part of an exciting and cutting-edge global company.”

Global Shares is Irish-owned and Irish-headquartered and it says it has invested significantly in its home market in recent years by opening new offices, establishing a new Irish team and gaining an influential client base.
Martin Corkery, Regional Director, South and South East, Enterprise Ireland said: “The company is a great example of an Irish fintech business with global ambition and our aim is to help more Irish companies like Global Shares to compete and win sustained business in overseas markets.
“Enterprise Ireland looks forward to continuing to work with Global Shares to continue to support their growth ambitions as they expand their reach even further in global markets, strengthening their customer base internationally and continuing to create jobs here in Ireland.”

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