Global investment company Fidelity International will create 250 new jobs at its Dublin office, it announced on Wednesday.
Having set up in Ireland in 2000, its investment in Dublin comes as it plans to create a long term savings business. While it wouldn't break down what roles would be added to the Dublin office or by when, the company said this is a "long term commitment and the roles will be wide ranging".
With 280 people already in Fidelity's Dublin 2 office, the expansion of its business here is "critical" to meet its growth plans, according to Brian Conroy, president of Fidelity International.
“Dublin is a key international hub to support our global growth objectives for the business.
“Ireland’s stability, access to world class talent, the support from the IDA and the Irish Government’s commitment to supporting business and bettering infrastructure has made Dublin an extremely attractive choice for our growing, global business,” Mr Conroy added.
Speaking at the announcement, Tánaiste and Minister for Business, Enterprise and Innovation Frances Fitzgerald called the decision "an important landmark".
On Ireland’s business environment, Ms Fitzgerald said: “The Government has been making strenuous efforts to ensure that we have the right conditions, especially skills availability, in place in Ireland to attract the knowledge based sectors and initiatives like this one today by Fidelity.”
According to IDA chief executive Martin Shanahan, this decision adds to a significant number of successes in the financial services sector in recent months - investments that show "our competitiveness in this sector".
