Financial services giant, J.P. Morgan, has completed its acquisition of Global Shares, the Cork based fintech it announced it was buying in March.

The takeover of the cloud-based provider of share plan management software was worth a reported €665m.

"With the addition of Global Shares, J.P. Morgan becomes an industry-leading provider of innovative employee ownership solutions to private and public companies globally," J.P. Morgan said in a statement confirming the completion today.

Based in Clonakilty, Global Shares has over 600 clients over varying sizes.

It administered assets worth nearly $200bn and has over 600 employees in Ireland and other locations in Europe, the Middle East and Africa, North America and Asia Pacific.

The company was set up in 2005.

J.P. Morgan has said it will integrate Global Shares into its asset and wealth management business, but the company will remain headquartered in Cork.