Deutsche Bank has announced the opening of a data lab in Dublin that will create 40 new jobs.
The company also announced plans to create a further 125 technology and operations roles in Dublin supporting its Global Markets, and Corporate and Investment Banking divisions.
The data lab, known as The Hive, will be a global centre for the Bank.
Minister Mary Mitchell O’Connor TD, in warmly welcoming this investment, said: “The new data lab builds on the bank’s strong investment and job creation here over recent years and the provision of an additional 165 quality jobs is very welcome indeed. The Government has been making strenuous efforts to ensure that we have the right conditions in place in Ireland to continue job creation across the country.”
Minister of State Eoghan Murphy TD said: “Today’s Deutsche Bank announcement of a new data lab and 165 high-value jobs is a further acknowledgement of Ireland as a major European financial services’ hub. I look forward, in my role as Minister for Financial Services, to continue working to drive Ireland up the international value chain and secure our position as the location of choice for the 21st century digital economy.”
Commenting on the addition of the data lab and expansion planned by the bank for Dublin, Martin Shanahan, chief executive of IDA Ireland commented: “Deutsche Bank’s choice of Dublin for its new data lab is a great endorsement of the technology talent and expertise here”
He continued: “The addition of another 125 jobs following on from the company’s announcement of 700 jobs just three years ago clearly shows potential investors that Ireland is a compelling location for international financial services where global companies can build large teams in a relatively short space of time due to the quality of the workforce available to them.”