Cork company Global Shares announces 150 new jobs

11th September 2020

Global Shares 2
L-R: Mayor of Clonakilty Padraig O’ Reilly; TD for Cork South-West, Deputy Christopher O’ Sullivan; An Taoiseach Micheál Martin; CEO of Enterprise Ireland, Julie Sinnamon; CEO of Global Shares, Tim Houstoun; EY Entrepreneur of the Year Partner Lead, Roger Wallace.

A FINTECH company in Clonakilty, West Cork, has announced 150 new jobs - with hundreds more to follow – and that it is set to reach ‘Unicorn’ status over the next four years.

Global Shares - an employee owned company - is seeking to increase its headcount from 370 currently to 1,000 by 2024, and fill 150 high-skill, high-value roles immediately. The fintech company is on track to achieve Unicorn valuation status by 2024.

The jobs which are coming onstream now are supported by Enterprise Ireland.

An Taoiseach Micheál Martin today announced the new jobs at the firm’s headquarters in the West Cork Technology Park on the outskirts of Clonakilty town.

Speaking in the almost empty office space - the majority of employees have been working from home due to Covid 19 guidelines - An Taoiseach said: "The story of Global Shares is a remarkable one, illustrating how from small beginnings a company can grow and develop a global footprint.  It is an inspiring example of what can be achieved through talent and ambition.

 “At the heart of Global Shares is its people.  This hard working, determined and highly skilled workforce has driven the company’s success and growth. 

 “Today’s jobs announcement marks another step in what is an exceptional journey."

CEO of the company, Tim Houstoun, said: “I love that we are writing software in Clonakilty that transforms people’s lives worldwide through the momentum and wealth created by employee ownership”.

He added: “Our growth over the past couple of years has been enormous, but over the next few years, we’re aiming to be West Cork’s first Unicorn, and we’re on track to achieve that.”

“This is something that is exciting for many reasons – including the fact that as an employee owned company, many of our own staff will reap the rewards of the hard work they’ve put in over the years.”

“We have also just launched a new offering to help venture backed private companies to create and manage employee options as well as help their investors track the value of their ownership.”

“People often ask how a company on the edge of Ireland, on the edge of Europe, could succeed on a global stage, competing with the world’s biggest financial services giants…yet here we are. It’s amazing what you can achieve when you back yourself, think globally and empower your team to succeed”.

Julie Sinnamon, CEO, Enterprise Ireland added: “Global Shares is a world-class company and a great example of what’s possible for innovative Irish businesses on the world stage. Enterprise Ireland has worked closely with Global Shares for many years and supported its growth from Clonakilty into over 100 markets worldwide.
She added: “We are delighted to support the new jobs announced today which will help further Global Shares’ innovation focus and look forward to continuing to support their global ambitions for many years to come.”

Global Shares is one of a handful of companies globally that offers fully outsourced employee share plan management.

It provides the administration services through its team of expert share plan analysts, financial, legal and complianceprofessionals, but also provides a software platform where employees can view, manage and sell the shares they own, online or through an app.

Global Shares’ success is also down to a global network of banking and brokerage partners.  A combination of the company’s software and partner banking and custody supports makes it the ideal solution for many global companies.

Global Shares clients include Italian insurance firm Generali, Krispy Kreme, Cargill, Fujitsu and many more global, household names.

Founded in 2005 as a service only company, Global Shares spotted a gap in the market for a fully global software solution that would help companies and their employees better manage their equity.

In 2015, it launched its proprietary software platform, and since then it has grown from strength to strength, taking on global banks and large multi-nationals.

It is the only remaining independent global company in this space and currently employs 370 staff in 16 offices globally, including London, Barcelona, New Jersey, Nashville, Tokyo, Miyazaki, Hong Kong and Beijing.

The company was set up in Clonakilty, where it remains headquartered today and employs 167 staff. In addition, Global Shares has an office in Cork city centre, where 35 staff are based, bringing the total staff in Ireland to 202.

The company is currently seeking applications for roles including software development, product owner, compliance,cyber security, financial reporting, project management and many more.

Global Shares is a finalist in the 2020 EY Entrepreneur of the Year Programme.

For further information about Global Shares, check out www.GlobalShares.com

About Global Shares

Global Shares simplifies employee ownership for companies around the world, helping them to attract, reward and retain a winning team.

We are a leading global provider of employee equity fintech and share-dealing solutions. Whether companies are small start-ups or major global brands, operating nationally or internationally, Global Shares supports them with a top-class team of more than 370 equity experts and an award-winning software platform to manage their employee share plan, simply and seamlessly.

Our solutions include our global technology platform, administration, brokerage, financial reporting, global compliance and more. With 16 offices around the globe including operations in North America, EMEA and Asia, which support employees in 100+ countries worldwide, Global Shares is a MiFID and FINRA regulated firm and is headquartered in Clonakilty, West Cork.

Global Shares is a finalist in the 2020 EY Entrepreneur of the Year Programme.
Let’s connect: @Global Shares

For more information please visit our website: www.GlobalShares.com

About Enterprise Ireland

Enterprise Ireland is the government organisation responsible for the development and growth of Irish enterprises in world markets. We work in partnership with Irish enterprises to help them start, grow, innovate and win export sales in global markets. In this way, we support sustainable economic growth, regional development and secure employment.  www.enterprise-ireland.com

About EY Entrepreneur Of The Year™

The EY Entrepreneur Of The Year™ programme is a global recognition programme run in 145 cities in more than 60 countries.

Now in its 23rd year, the programme has established itself as a world-class development programme that supports, promotes, and connects an extraordinary community of entrepreneurs, championing entrepreneurship throughout the island of Ireland and around the world. Since its inception, the EY Entrepreneur Of The Year™ community has grown to a tight-knit network of more than 525 alumni who harness each other’s wealth of experience, with 77% now doing business with one another.

The EY Entrepreneur Of The Year™ Ireland programme is supported by Premium Corporate Sponsor Julius Baer International, and Government agency partners Enterprise Ireland and Invest Northern Ireland. For further information, please visit  www.eoy.ie

Notes to the editor

About employee share ownership

Employee share plan administration is a growing $2Bn industry as equity compensation is increasingly being used by companies globally to improve performance and compete to win the best talent.

Statistically, employee owned firms outperform other companies in terms of productivity, growth, profitability and employee retention, whilst enjoying a fundamentally enhanced company culture. As owners, it gives employees ‘skin in the game’.

Employee ownership is also hugely beneficial to employees who can grow, develop and share in the wealth created by the success of the company for which they work. Employee share ownership is not just a feel-good factor. By expanding ownership up and down the organisation chain, employees are more involved and motivated. Open book management transforms internal engagement, while government tax incentives enable both employers and employees to make significant savings. 

It’s also a great way to help align the interests of employees and shareholders and ultimately it can facilitate the distribution of wealth and create a fairer society.   

For more information on Employee Share Ownership, please visit the Global Shares Academy: https://www.globalshares.com/academy

ENDS

For further information contact

Aine Bonner

Head of Marketing & PR

Global Shares

Aine Bonner

+353 87 9453720