Financial and administrative services provider Alter Domus has announced the creation of 100 new jobs for its Cork operations.
From Cork, Alter Domus operates a European hub for global private debt, private equity, real estate and infrastructure investors and managers supporting over €1 trillion in assets under administration globally.
The company also has an office in Dublin and increased its headcount in Ireland from 100 to 180 people last year.
To support continued growth, the company is investing in a new workplace for the future at Cork Airport Business Park, which will allow the business to continue to scale.
Alter Domus also said it will continue to invest in its partnerships with third level institutions locally.
Operating in Ireland since 2011, Alter Domus was the first independent service provider dedicated to private assets to be authorised by the Central Bank here.
James McEvoy, Country Executive Ireland at Alter Domus, said the company has continued to rapidly grow the business in recent years and see a new market opening up here for investors in private assets.
"This industry holds over $10 trillion in assets, a growing proportion of which is invested in Europe. Ireland is going to be an increasingly important access point to these markets," Mr McEvoy said.
"Our priority is to support our clients where they need us and our focus now is to enhance our service offering to bring our specialist full-service solutions to market in support of that growth," he added.
Martin Shanahan, the chief executive of IDA Ireland, said today's news endorses the company's confidence in the availability of a high skilled and talented workforce in the South West and demonstrates IDA Ireland's continued commitment to winning investment for regional locations.
Taoiseach Micheál Martin said that the creation of 100 new highly-skilled jobs at the Alter Domus European Centre of Excellence in Cork shows the rich pool of talent we have in this country.
"The company’s 10-year commitment to Ireland as a leading player in the alternative investment industry has been an important part in that success story. There will be even greater opportunities in the Financial Services sector in years to come and the innovative graduate development paths provided by Alter Domus will help ensure future growth," Mr Martin added.
Tánaiste and Minister for Enterprise Trade & Employment Leo Varadkar said he was pleased to see the company will continue the partnerships it has established with local third-level institutions.
"Ireland is now a hub for Financial Services companies from all over the world and we welcome this expansion and look forward to the company’s continued success here in Cork," he added.