The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
150 jobs Number of planned job creations
Announcement Date
16 February 2008
Employment effect (start)
Foreseen end date
28 February 2011
Description
A hedge fund administration operation, Citco, already established in Cork City, is set to expand over the next three years with the creation of 150 new jobs. The Citco Group already employs 145 people in Cork. The Citco Group is headquartered in the Cayman Islands. It is a worldwide group of independent financial service providers, comprised of international banks, trust and fund services companies. It is the largest global service provider to the international hedge funds industry, administering more than 2,000 funds with net assets of over $650 billion.
Sources
18 February 2008: The Irish Independent
18 February 2008: The Irish Times
Citation
Eurofound (2008), Citco, Business expansion in Ireland, factsheet number 66326, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66326.
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