IDA-client Fidelity International has today announced that it is to create 250 new jobs in Dublin.
The privately owned company, which already employs over 280 people in the capital, is a global investment and retirement savings business serving investors in all corners of the world outside of North America.
As at 30 June the company was managing customer assets of €265.8bn and assets under administration of €82.4bn.
Fidelity International’s clients range from central banks, sovereign wealth funds, large corporations, financial institutions, insurers and wealth managers, to private individuals.
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In addition to asset management the company offers investment administration and guidance for employer benefit schemes, advisers and individuals in several countries.
Welcoming the announcement An Tánaiste and Minister for Business, Enterprise and Innovation Frances Fitzgerald TD described Ireland as a "very attractive" location for international financial services companies from all over the world,
"Fidelity's decision to expand here is an important landmark and I look forward to an ongoing mutually beneficial business relationship with Ireland," Minister Fitzgerald said.
Meanwhile Brian Conroy, president of Fidelity International, said that Dublin was a key international hub to support the company’s global growth objectives,
"Fidelity is well-placed in a fast moving industry with exciting developments and innovations currently taking place. Therefore, expanding our presence in Dublin is critical to meeting our ambitious plans," Mr Conroy said.
The announcement was welcomed by Martin Shanahan, CEO of IDA Ireland.