US financial firm Citi creates 250 jobs
Published 09/12/2010 | 10:22
Some 250 jobs are to be created at the US financial services firm Citi. The new positions will be offered as the company expands operations in Dublin and Waterford over the next 18 months.
Batt O'Keeffe, enterprise minister, said the jobs showed Ireland can out-perform rival locations through talent, track record and the tax regime.
"More than half the world's leading financial services firms now have operations in Ireland," he said.
"Citi, a pioneer in the financial services sector, has made an outstanding contribution to our economy for more than four decades.
"It is a standard-bearer in Dublin's IFSC (International Financial Services Centre) and the expansion of the Waterford operation has dramatically enhanced the profile of the south-eastern region for top-level financial services investments."
The jobs will mainly be in operations, funds, technology and product development.
Citi, which has been operating in Ireland for 45 years, employs more than 2,200 people.
It has already hired 300 workers in the past 12 months including a number of graduates on the Fas work placement programme.
The new jobs are supported by the Government through IDA Ireland.
Citi country officer for Ireland, Aidan Brady, said: "The Government's pro-business approach and IDA Ireland's support for projects in the financial services sector has been vital to our continued success."
Barry O'Leary, chief executive of IDA Ireland, said: "Ireland's international financial services sector is recovering and in expansion mode."