Press Release 24 Nov 2014

November 24th Shannon – IDA Ireland today welcomed the global financial security company Genworth Financial  Inc. to its new, larger premises in Westpark Business Campus in Shannon.

The company purchased the 103,000 sq. ft. building earlier this month to re-house its existing operation on the Shannon Free Zone. The new building boasts world class facilities, providing a flexible working environment for Genworth staff and space for the development of a data centre to support Genworth’s global operations.

As the new premises was officially opened today by An Taoiseach, Enda Kenny, the IDA’s Head of International Financial Services Kieran Donoghue, said: “This move is a great vote of confidence from Genworth in Shannon and is a significant boost for the region. The company is already one of the leading employers in the Mid West and having the space to allow it develop a new data centre to support its global operations puts it on a strong footing for further expansion in the future. I wish Genworth every success.”

About the company:
Genworth is a leading provider of Lifestyle Protection insurance through distribution partnerships with major banks and other financial institutions.

Genworth’s International Service Centre in Shannon is a leading provider of Lifestyle Protection Insurance with over 9 million customers across Europe, Latin America and Asia Pacific and is a Centre of Excellence for Operations, IT, Finance and HR. It is also a European hub for Genworth’s IT and Finance functions in Europe. Ireland has the largest concentration of Genworth employees outside the US.

Parent company:
Genworth Financial Inc. is a publicly traded global financial security company with more than $100 billion in assets and over US$9bn in Revenues. The company employs over 5,000 worldwide and has a presence in more than 25 countries. The company is listed on Standard & Poor’s 500 Index of Leading US companies and is ranked in the Fortune 500.

For further information contact:
Ellen Lynch, Regional Press, Communications & PR Executive, IDA Ireland
087 4112084 ellen.lynch@ida.ie

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