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1,500 jobs planned for international financial firm in Waterford

1,500 jobs planned for international financial firm in Waterford

A Cyprus-based financial services company plans to create 1,500 jobs in Waterford and the South East.

Woodbrook Group - which was founded by Waterford native Michael Doherty - is to set up its Irish Headquarters in Waterford next year.

It's preparing to enter the Irish market, with plans to establish a life insurance and health insurance company here as part of a 100 million euro investment.

The company says it has the potential to create up to 1,500 jobs over the next four years.

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CEO Michael Doherty says it's part of an ambitious global expansion:

 

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