State Street will establish a specialist 400-strong team in Ireland over the next two years to provide technology infrastructure and cybersecurity services.
The investment bank has been in Ireland for 25 years and currently employs approximately 2,000 staff in Ireland across Dublin, Drogheda, Naas and Kilkenny.
State Street said it selected Ireland as the base for its new team in large part due to the availability of relevant, skilled, existing and emerging technology talent from universities and third level institutions. The organisation added that it is also looking to have a location outside the US for time zone support purposes.
The new unit will be located at IDA Ireland Business and Technology Park in Kilkenny where State Street already employs approximately 600 staff and where the firm is in the process of developing a new state-of-the-art office.
“Reflective of new ways of working post-COVID and of staff preferences for flexibility and remote working, the new office will accommodate above average occupancy levels enabling it to draw on a broad staff pool along the east coast and midlands,” State Street said in a statement.
The new unit will employ up to 400 high-value, experienced and graduate-level roles, across: programming, cybersecurity operations analysts, cybersecurity instrumentation engineers, data scientists, cybersecurity architects (network, identity access management and blockchain), cybersecurity forensics/investigations, pen testers and governance as well as risk and compliance experts.
“Today’s jobs announcement, alongside plans for our new state-of-the-art office development in Kilkenny, marks a further strengthening of our presence and commitment to the region for years to come,” said Tadhg Young, State Street’s head of Ireland.
“Ireland’s tech ecosystem and financial services credentials alongside Kilkenny’s central location and access to talent from third level institutions in Dublin, Carlow, Waterford and beyond were all compelling factors in our location decision.”