The first Credit Suisse trading floor in Dublin has opened, which will house approximately 100 positions in Dublin’s IFSC.
Credit Suisse is one of the world’s leading financial services providers, employing approximately 45,100 people worldwide.
The Dublin operation will handle the trading, capital and risk management for the business while the salespeople and relationship managers will remain in London due to client proximity.
As well as 60 support roles, Credit Suisse will be searching for trading, risk and capital professionals.
An Taoiseach Enda Kenny said: “Today’s welcome announcement of the creation of 100 jobs by Credit Suisse and the opening of its Dublin branch is very significant. It represents a strong endorsement of Ireland’s reputation as a leading location for international financial services, building on the very strong job creation achieved in the sector in 2015 as a result of the Government’s international financial services strategy, IFS 2020.”
Tim O’Hara, CEO of Global Markets, Credit Suisse, added: “This marks a first for Ireland and for Credit Suisse. Today’s opening further demonstrates our ongoing commitment to continue optimally serving our clients. We have made considerable investment in infrastructure and technology, all of which will help enhance our client offering.”
He continued: “We have long admired Ireland’s commitment to and vision for the country’s future as a European financial services centre and we are excited to establish our Prime Services business here.”
CEO of IDA Ireland, Martin Shanahan, said: “This is a very significant announcement in terms of the development of international financial services in Ireland. Trading activities have traditionally been exclusively associated with the larger global financial centres and the fact that one of the leading global prime brokers has now selected Dublin as a key hub for this business going forward is highly significant in our view. Credit Suisse will greatly enhance the strong cluster the city has already built up over many years.”