Minister Humphreys, Gerard Keane (Managing Director), Martina Kelleher (Manager), DannyMcGill (Director).

Jobs created with opening of new Cavan pension office

Ten new jobs are to be created with the opening of a new financial services office in Cavan town.

Minister for Social Protection, Heather Humphreys opened the Newcourt Retirement Fund Managers office yesterday (Monday).

The business specialises in pension administration services including independent corporate trusteeship and self invested pensions.

The Dubin-based company currently employs over 50 people with offices in Dublin and now Cavan.

Speaking at the opening, Minister Humphreys congratulated the company on its success to date, saying that its decision to choose Cavan is a particular boost for the county.

“This is a really good news announcement for Cavan and indeed the entire region. I want to congratulate the entire team at Newcourt for their vision and ambition.”

The firm hopes to continue to grow its base in Cavan, employing up to 10 staff in Cavan by the end of 2022 and considerably more over the next decade.

“I understand that over the coming years, you hope to grow your business here from a staff of 6 to up to 30,” says Humphreys.

“You’re a business too that I know believes in hiring locally – you really are a big asset to this county and I’m so pleased that you have chosen Cavan as the location for your second office.”

Also speaking on Monday, Managing Director of Newcourt Retirement Fund Managers Ltd, Gerard Keane stated “it is great to be here today to open our new Office in Cavan. This is a very exciting time for Newcourt as we continue to grow our business through organic growth and several recent acquisitions.

“This has resulted in the need to expand our office space and having looked at many locations we decided on Cavan Town, due to the availability of a well-educated workforce and a number of our own staff wishing to relocate to the area.”

Martina Kelleher, who has been with the business from the start, is heading up the Cavan office having decided to relocate.

Newcourt provide a pension administration services to financial advisors and their clients. It doesn't produce, promote, or advise on any investments.

The company says it has several thousand clients and is currently administering around €2 billion in pension assets.

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