Financial services group Waystone is to create up to 100 additional roles in Cashel, Co Tipperary, following its recent growth.

The new jobs roles will span global operations and support functions with services including regulatory reporting, tax reporting, fund registration, compliance services, fund administration and relationship management.

The company said its Cashel operation, which already employs just under 100 people, is central to the evolution of the Waystone Group and will continue to grow and deliver operational scale while continually attracting and developing talent from across the region.

Waystone's expansion project is supported by IDA Ireland.

Earlier this month, Waystone said its Dublin headquarters would be moving to a new flagship location in Dublin 4 later this year.

It plans to occupy four floors and 52,000 square feet of space in the 35 Shelbourne Road development.

It now has a presence in three locations in Ireland - its headquarters in Dublin, a Centre of Excellence in Cashel and more recently, Maynooth, after its agreement to come together with Centaur Fund Services.

Nick Wheeler, Global Head of Centralisation at Waystone, said that Ireland has a strong and globally-recognised international funds and financial services industry with a wealth of highly-skilled professionals.

"Waystone's Cashel-based operation is central to the group's international growth strategy and the quality of people we have employed has made our commitment and growth in Tipperary a very easy decision," he said.

"Our Cashel operation reopened last month following a 4,500 square feet expansion and refurbishment providing us with significant room for future growth. The facility now provides our growing workforce with a high-grade, flexible workspace and feedback from staff has been extremely positive," he added.

The CEO of IDA Ireland, Martin Shanahan, said today's news from Waystone for its Cashel expansion – its second site in Ireland - is very welcome news.

"Cashel is an excellent location to scale a financial services company and Waystone's presence strengthens an already well-established IFS cluster Mid-West," he added.

Minister of State at the Department of Finance Sean Fleming said the company's expansion is an important endorsement for growing regional international financial services operations.

"I wish the firm well in the next stage of their development plans and I hope their success in Cashel will encourage further investment in the regions by international financial services firms," he added.