Pepper Asset Servicing is to create 100 jobs in Dublin and Shannon over the next twelve months, with recruitment already underway for 50 roles.

The new positions, which will be in the areas of mortgage arrears handling, customer services, real estate and legal, are being recruited initially for Pepper’s office in Shannon, where the company has just invested €500,000 expanding the premises.

The new positions are expected to bring total employment numbers to 270 by year’s end, with 170 in Shannon and 100 in Dublin.

The job growth follows several contracts secured by Pepper including Danske Bank, the National Asset Management Agency and CarVal Investors.

Pepper Ireland chief executive Paul Doddrell said the firm this week signed an addendum to its existing 10 year lease in Shannon which will see its office space increased to 19,000 sq ft.

The expansion and investment follows a €2million investment in new systems and office facilities undertaken last year.