Fintech company Global Shares opened a brand new office Cork city yesterday and announced plans to double its headcount there over the next two years.
The employee share plan management firm – which has headquarters in Clonakilty, West Cork – has already opened a number of offices globally this year, including in Lisbon, Hong Kong and Beijing.
The new Cork office – at Penrose Wharf in the city centre – currently has 30 staff including software developers, share plan analysts and an inside sales team.
In the last year, it has more than doubled its overall workforce to in excess of 300 staff and growth is set to continue over the next 12 months.
Speaking at the official opening of the new premises yesterday, leader of the Seanad, Senator Jerry Buttimer said, "Global Shares helps companies all over the world – and here in Ireland – attract and retain essential staff by managing their employee share plans. What started as a small company in Clonakilty has grown into a truly global operation and that’s something to be extremely proud of."
CEO at Global Shares, Tim Houstoun added, "Equity incentives are important tools for both attracting and retaining talent but perhaps, more importantly, when employees become owners of the company they work for this can act as a corporate glue – creating a sense of togetherness with common goals and shared values. This has the result of increasing productivity. Global Shares helps companies manage this entire process and we’re delighted to be expanding and growing alongside the companies we work with daily."