EMCC European Monitoring Centre on Change

Clearstream

Company/Organisation:
Clearstream

Geographic Location

Country: Ireland
Region: South-West (IRL); Southern and Eastern
Location of affected unit(s): Cork

Company

Sector: Financial services
Financial and insurance activities
66.12 - Security and commodity contracts brokerage
Number Employed: 480
Group: Deutsche Börse

Employment Effects

Announcement Date: 12-09-2019
Type of Restructuring: Business expansion
Foreseen End Date: 31-12-2020
Planned Job Creation: 100

Additional Information

Financial services provider Clearstream announced the creation of 100 new jobs at their Cork site by the end of 2020. The company plans to recruit employees with business, commerce and finance qualifications, over the next 12 to 18 months. According to the management, the business expansion shows the company's commitment to the local community, as the latter constitutes a great ecosystem for the sector of activity and for the talent pool. IDA Ireland has supported the jobs measure. 

Subsidiary of Deutsche Börse, the company provides fund processing, product development and several administrative functions and it handles around €2-million-worth transactions per month across 48 jurisdictions. 

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