Waystone is to create up to 100 new roles in Co. Tipperary as its expansion continues.
The leading provider of institutional governance, risk, administration and compliance services to the asset management industry, announced today that it is to substantially increase it's Ireland-based workforce by creating up to 100 additional new roles in Cashel, Co. Tipperary, following its recent growth.
The newly created Cashel-based roles will span global operations and support functions.
The Cashel operation 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.
This project is supported by the Irish Government through IDA Ireland.
In a statement released today IDA Ireland say; "This announcement reflects Waystone’s significant growth over the past year and the broadening of it's service offering including the launch of Waystone Compliance Solutions and it's recent agreements with KB Associates and Centaur Fund Services, both of whom are headquartered in Ireland.'
Welcoming Waystone’s announcement, Minister for Trade Promotion, Digital and Company Regulation, Robert Troy TD, said: “I am delighted that Waystone plans to create up to 100 new roles at its Cashel site over the next 18 months. These additional jobs will be a welcome boost to Co. Tipperary and will increase the Cashel headcount to nearly 200 employees.
"The successful growth that Waystone has experienced in recent years is reflective of the wealth of highly skilled and talented people that the Mid-West region and Ireland more broadly has to offer. I wish the team every continued success in this new chapter.”
Minister of State at the Department of Finance Sean Fleming TD said: “I am delighted to welcome this expansion by Waystone which is an important endorsement for growing regional international financial services operations, which is a priority of our Ireland for Finance strategy.
"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.”
Waystone recently re-opened its operation in Cashel following an extensive refurbishment and expansion project with the addition of 4,500 sq ft of space, bringing its total floor space to 11,000 sq ft.
The project included a significant upgrade of facilities and branding throughout and is designed to accommodate its growing staff numbers with a view to the job creation announced today. Over the next 18 months the new roles will bring Waystone’s headcount in Cashel to approaching 200.