150 new financial jobs for Cork

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.

The jobs to be created over the next three years and will be for third level graduates with business and accounting qualifications.

The expansion is being supported by IDA Ireland.

The Citco Group is a privately held global financial services organisation comprising international banks, trust and fund services companies.

The group currently employs one thousand people in four operations in Ireland.