SiliClon Valley beckons as second global bank finds a home in Clonakilty

Second global banking company (as yet un-named officially) comes after JP Morgan's €680m swoop on locally-based Global Shares

Taoiseach Micheál Martin with Tim Houstoun, CEO of Global Shares in Clonakilty in 2020 when 150 extra jobs were promised. Last month's €680m acquisition by JP Morgan will see employment grow further. Picture: Denis Minihane

Clonakilty in West Cork is living up to its ‘Clondyke’ and 'SiliClon Valley' nicknames, as two global banking names, JP Morgan, along with another global banking giant, invest in office space and jobs there.

Seeking additional office space this year at the West Cork Technology Park is cloud-based Global Shares, which manages employee share schemes  for major multinationals and Fortune 500 companies: the expanding fintech firm was 
acquired last month by JP Morgan in an incredible €687m deal.