Tuesday 19 September 2017

Barclays bank close to adding 150 jobs in Dublin with new post-Brexit hub

Barclays has reportedly chosen Dublin as the location for its main EU hub if UK banks lose easy access to the European market. Photo: AFP/GettyImages
Barclays has reportedly chosen Dublin as the location for its main EU hub if UK banks lose easy access to the European market. Photo: AFP/GettyImages

Barclays has reportedly chosen Dublin as the location for its main EU hub if UK banks lose easy access to the European market.

The bank, headed up by Jes Staley, plans to add around 150 staff in Dublin, where it already employs around 100 people, according to financial newswire Bloomberg.

A spokesman for the bank, however, told the Irish Independent no final decision on where it would place operations post Brexit had been made. However, the bank confirmed it has been identifying available office space.

"We have made clear repeatedly that we will plan for a range of Brexit contingencies, including building greater capacity into our existing operations in Dublin," the bank said in a statement. "Identifying available office space is a necessary and predictable part of that contingency planning process."

Barclays staff moved to or hired in Dublin could include senior managers, derivatives specialists, currency traders, compliance and human resources staff, according to Bloomberg.

Meanwhile, Taoiseach Enda Kenny said companies looking to relocate in the wake of Brexit were focused on more than just office space.

"It's about the personality of the country. The opportunity for quality of living and all of that.".

Irish Independent

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