Investment giant Clearstream to create 600 new jobs in Cork

Investment fund giant, Clearstream officially opened their city centre office at Navigation Square today -  and is  on course to provide up to 600 jobs in Cork by next year. 

Speaking at the opening event at Navigation Square, Deputy Lord Mayor, Cllr Des Cahill said: “Clearstream in Cork is a terrific success story. Since establishing operations in Cork, its growth and development has been substantial. Clearstream’s presence here shows what Cork has to offer to other potential investors. We have everything that’s needed for international companies to establish and scale up operations here”. 

Stephan Leithner, Member of the Executive Board of Deutsche Börse AG and Clearstream Chairman said: “ This is a very special day for Clearstream. It is more than just the inauguration of a new office, it is a commitment for us and the community to making our business thrive in what is a great ecosystem for funds, leveraging proximity to customers and talent alike”. 

Tánaiste Simon Coveney, also attended the inauguration event, and said: “When an international company of Clearstream’s stature decides to significantly expand its operations, it shows the potential that Cork offers for companies such as Clearstream to grow, particularly in terms of talent availability, proven track record and the scale of the technology and financial services sector in the region. Deutsche Börse Group and Clearstream are valued members of the business community and we are proud of their decision to strengthen their commitment to Cork.”

IDA Ireland’s Head of International Financial Services, Kieran Donoghue, added: “Having an international financial services company of this calibre expand its operations in Cork will act as an excellent reference seller for other similar potential investment and enhance Cork’s reputation as a location of choice”.