Genworth investing €15m in new Shannon base
Fortune 500 insurance company Genworth is investing over €15m in a new base in Shannon, which will include the development of a data centre to support its global operations.
Genworth’s new international service centre will be located in the Westpark Business Campus following its purchase of the facility from global biopharmaceutical firm UCB.
It will occupy 103,000 sq ft of office space and will house world class facilities, providing a flexible working environment for Genworth staff.
Founded in Virginia, Genworth established operations in Shannon in 1997 and has nearly 400 people employed at the current site, the largest concentration of Genworth staff outside the US.
The current Shannon base is a centre of excellence for operations, information technology, finance and human resources teams.
Bob Brannock, president and CEO of Genworth International Protection said: “Genworth’s operation in Shannon is crucial in supporting the company’s growing base of international clients across Europe and our growing presence in new markets in Latin America and China.”
Andrew Flaherty, senior vice president, Genworth International Protection added that the commitment to Shannon was further affirmation of the improved operational environment in Ireland.
“Five years ago this type of commitment would have been harder to get as competitiveness, in particular, had eroded somewhat.
“We were not in the slightest surprised to see Ireland rated last week by Forbes as the best country in the world to do business in.”