Business expansion
Southern and Eastern; South-West (IRL);
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

250 jobs
Number of planned job creations
Job creation
Announcement Date
25 January 2006
Employment effect (start)
Foreseen end date


Financial services group Citco is to create more than 250 new jobs in two projects in Cork. The investment will bring to 850 the number employed by the group in its Irish operations.

The new Citco projects, which will receive assistance from IDA Ireland, involve the opening of a second hedge fund administration centre in Cork and the expansion of its existing data processing operation. In Ireland since 1999, Citco already employs 600 people at operations in the International Financial Services Centre in Dublin and at Cork Airport business park.


  • 20 January 2006: The Irish Times


Eurofound (2006), Citco, Business expansion in Ireland, factsheet number 63072, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63072.