Capita Asset Services has said it plans to expand its workforce by up to 200 due to increased demand for its services on the back of the predicted strong economic growth in Ireland next year and beyond.
The business processing group already employs 1,600 people in Ireland in the areas of corporate services, loan administration, asset management, loan workout and recovery.
It also provides support services for the banking, fund administration, aviation and life and pensions industries.
The company's CEO Robbie Hughes said that after a number of very challenging years for the SME and housing sectors there are real signs that new forms of lending from Irish and international pension funds as well as private equity, are emerging due to restored confidence in a resurgent Irish market.
"Non-bank direct lending is expected to develop increased market share over 2016 and beyond creating interesting opportunities across the business sector. This growth in non-bank direct lending is yet another sign of confidence in Ireland as a place to do business," he said
"Based on business forecast we would anticipate increasing headcount by up to 200 in the next two years," he added.
The company also announced today that it has been appointed to service the new €500m residential development finance business, Activate Capital.
Activate Capital, backed by US fund KKR and the Ireland Strategic Investment Fund (ISIF) will stimulate house building by providing homebuilders with as much as 90% debt financing for projects
This will create 1,900 full-time jobs, the Government has said.
