Press Release 05 Nov 2020

November 5th 2020 Gorey, Co. Wexford. CSC, 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, today announced plans to establish a European Centre of Operational Excellence in Gorey, Co., Wexford, creating 75 jobs over four years. This project is supported by the Irish government through IDA Ireland.

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 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 focussing on providing fund administration and specialised depositary services to alternative asset managers and financial institutions. 

“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,” says 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.”

Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar T.D. said: I warmly welcome CSC’s decision to locate their new European Centre of Operational Excellence in Gorey. 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. 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.”

IDA Ireland CEO Martin Shanahan said: “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. 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.”


The new roles are for experienced financial services professionals and qualified accountants. For more information on the roles visit cscgfm.com

END

About CSC
CSC is a leading provider of specialized administration services to alternative asset managers across a range of fund strategies, capital markets participants in both public and private markets, and corporations requiring fiduciary and governance support. We are the unwavering partner for 90% of the Fortune 500®, nearly 10,000 law firms, and more than 3,000 financial institutions. CSC’s Global Financial Markets professionals are located in key financial centres across the U.S., Europe, and Asia-Pacific. We are a global company capable of conducting transactions wherever our clients are―and we accomplish that by deploying experts in every business we serve. For more information about CSC’s services, visit cscgfm.com.

For more information contact:

Paul Whelan
Managing Director – Depositary Services
paul.whelan@cscgfm.com

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