Financial services company Citco Fund Services is to expand its hedge fund administration operation in Cork in a move that will bring 150 new jobs to the city.

Two new facilities opened by the Minister for Enterprise, Trade and Employment, Micheál Martin, for Citco, the world’s leading provider of hedge fund services, will employ a total of 250 staff.

AN AMERICAN financial services company is to create 250 jobs in Cork, the second jobs boost for the area in two days.