Leading financial company Alter Domus has opened a new state-of-the-art workspace in Cork, creating 80 new jobs.

The new offices for its European Centre of Excellence are located at Cork Airport Business Park in a 20,000ft2 space facilitating a hybrid work model.

Speaking at the official opening, Minister of State at the Department of Finance, Sean Fleming TD, said: "I am delighted to open this Centre of Excellence for Alter Domus. I want to thank the firm for creating 80 new jobs and their continued commitment to Ireland. The expansion here in Cork is an important regional investment which is a priority for the Ireland for Finance strategy. It's a strong example of the role that Alternative Funds can play in developing high quality jobs that have a real impact on our economy."

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The newly announced jobs will be filled in 2022, contributing to the company's target of filling the 100 positions that were announced in January this year.

From Cork, Alter Domus operates a European hub for global debt and capital markets, private equity, real estate and infrastructure investors and managers supporting over €1.3 trillion in assets under administration globally. With offices in Cork and Dublin, Alter Domus has already invested significantly in its Irish operations, having increased its headcount in Ireland to over 260 people.

Alter Domus CEO Doug Hart commented: "I am delighted to reaffirm our commitment to Ireland and to Cork with the creation of a further 80 new roles as we open our new offices here in Cork. Our teams here provide huge value to our clients and we are driven to providing our staff with unlimited career opportunities at Alter Domus."

Heather Crowley Kerr, Regional Director, Central Operations Europe at Alter Domus, added: "The opening of our new offices in Cork marks a new era in how we work and how we interact. We have taken the positives from what has been a hugely unique experience of the past 18 months and we have designed a future fit environment to support our teams."