Global financial services giant CSC to create 75 jobs in Gorey

CSC to locate its European Centre of Operational Excellence in Ireland’s south-east.

CSC, one of the world’s largest privately-held businesses, is to create 75 jobs in Gorey as part of an investment supported by the Irish Government through IDA Ireland.

Gorey is to be home to the company’s European Centre of Operational Excellence.

“It’s a great vote of confidence in Wexford and the south-east, demonstrating that we have the right mix of skills and talent available to attract top firms in the financial services to all parts of Ireland”

CSC is one of the world’s largest privately-held businesses providing financial, corporate administration, and depositary services to global alternative asset managers and capital markets participants.

“Gorey, Wexford, is an ideal location to establish our European Centre of Operational Excellence given its proximity to Dublin, excellent infrastructure, and access to a deep talent pool that will support the growth of our fund and depositary services across Europe,” said John Hebert, president of Global Financial Markets at CSC.

“We can offer challenging, rewarding roles with clear career progression opportunities and competitive benefits to experienced candidates and graduates from the southeast region and those looking to relocate to Wexford. This support will help us continue to grow our global footprint.”

Ireland in the eye of a global expansion

Founded in 1899 and headquartered in Wilmington, Delaware, USA, CSC has nearly 50 offices throughout the United States, Canada, Europe and the Asia-Pacific region and employs more than 2,600 people worldwide.

“This is great news for the south-east – CSC is a global company and this development will result in the creation of 75 new jobs,” said Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar, TD.

“It’s a great vote of confidence in Wexford and the south-east, demonstrating that we have the right mix of skills and talent available to attract top firms in the financial services to all parts of Ireland.”

This new site is the company’s second in Ireland—CSC’s Global Financial Markets (GFM) division first established a presence in Ireland in 2017 and has since created three entities in Dublin for its Capital Markets, Fund Administration, and Depositary Services activities.

These activities will be further supported in Gorey, initially focusing on providing fund administration and specialised depositary services to alternative asset managers and financial institutions.

The new roles are for experienced financial services professionals and qualified accountants.

“This announcement today by CSC to locate its European Centre of Excellence in Gorey demonstrates the company’s confidence in Wexford where it can avail of a deep pool of highly skilled and creative talent,” said IDA Ireland CEo Martin Shanahan.

“The new jobs that CSC is creating is a welcome boost for the economy of the South East and exemplifies IDA’s effort to win investment for regional locations despite the global challenges experienced in the aftermath of the outbreak of Covid-19. I wish CSC every success with this expansion.”

By John Kennedy (john.kennedy3@boi.com)

Published: 5 November, 2020