July 21, 2024
Business News

Global financial services company to create 1,500 new jobs in South East

WOODBROOK Group, a rapidly-growing firm of financial consultants with offices across the world, today announced it is preparing to create up to 1,500 new jobs in the South East as part of an ambitious global expansion.

CEO and founder Michael Doherty confirmed plans to establish a life assurance company in the region as part of a planned €100 million investment in the Irish operation.

The group is currently looking at potential sites across the South East. It said it plans to employ up to 1,500 people in the South East within the next four years.

Doherty, who is originally from Co Waterford, said he believes the South East is “the right place, at the right time” for the planned investment.

“The South East offers great potential for companies such as Woodbrook and over the coming months I will be engaging with local stakeholders with a view to establishing our operation here,” he said in a statement this morning.

The news will come as a major boost to the region. KilkennyNow.ie recently published Central Statistics Office which revealed less than one in every 100 new jobs created in Ireland last year were in the South East.

Woodbrook Group is one of the world’s fastest-growing financial advisory firms. It is headquartered in Cyprus, with branches across the globe.

Last week Woodbrook announced its intention to make a public offering on the Nasdaq stock exchange in the US, foreshadowing significant growth.

Commenting on the announcement, Mr Doherty said: “It is a great honour for us to get listed on the Nasdaq, the world’s most preeminent and prestigious exchange. Over the past few years we’ve worked hard to achieve this milestone. This will enable us to grow as an organization and expand in new markets without compromising on our integrity and the bespoke services we provide to our clients.”

Following a year of expansion and mergers, in line with the company’s strategic growth forecast, Mr Doherty said his goal is to make Woodbrook one of the top five financial brokerages and corporate services companies in the world.

Reflecting Woodbrook’s expansion, Mr Doherty was recently named as one of the Top 100 Most Influential People in the Global Financial Services Sector by International Adviser.

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