Intertrust Ireland has announced their entry into the Irish share plan administration and trustee services market with the launch of a Performance and Reward Management (PRM) service.
The company’s services will include trusteeship and the establishment of employee benefit trusts plus other trust structures.
Intertrust’s move is being seen as a vote of confidence in the growing Irish employee share ownership sector, where more than 500 companies in Ireland now have approved profit-sharing schemes, including 26 of the top 100 companies in Ireland covering an estimated 200,000 employees.
Imelda Shine, Managing Director Intertrust Ireland, said: “Share plans are very important in today’s globalised market, where employers are looking for the means to attract and retain the very best talent, while also supporting the future of their business. As such, employee share plans can transform employees into shareholders, aligning employee rewards with corporate performance.”
“The Intertrust Ireland business has grown significantly since we were established 10 years ago, and the success of this new service will enable future growth in line with our clients.”