Dublin is prime for Credit Suisse
27 January 2016 Dublin
Image: Shutterstock
Credit Suisse has officially opened its new trading floor in Dublin, giving a new home to key parts of the bank’s prime services business, including securities lending, prime brokerage and prime financing.
The new hub for Credit Suisse’s prime services business in Europe will house 100 members of staff, including 40 trading, risk and capital professionals, and 60 support personnel.
The Dublin operation will handle trading, capital and risk management for the business, while the salespeople and relationship managers will remain in London due to client proximity, according to Credit Suisse.
Credit Suisse received approval from the Central Bank of Ireland in December for the new Ireland branch, which is located at Kilmore House in Spencer Dock.
Tim O'Hara, CEO of global markets at Credit Suisse, said: “We have long admired Ireland's commitment to and vision for the country's future as a European financial services centre and we are excited to establish our prime services business here.”
Ireland’s prime minister, Enda Kenny, commented: "Today's welcome announcement of the creation of 100 jobs by Credit Suisse and the opening of its Dublin branch is very significant.”
“It represents a strong endorsement of Ireland's reputation as a leading location for international financial services, building on the very strong job creation achieved in the sector in 2015 as a result of the government's International Financial Services Strategy, IFS 2020.”
The new hub for Credit Suisse’s prime services business in Europe will house 100 members of staff, including 40 trading, risk and capital professionals, and 60 support personnel.
The Dublin operation will handle trading, capital and risk management for the business, while the salespeople and relationship managers will remain in London due to client proximity, according to Credit Suisse.
Credit Suisse received approval from the Central Bank of Ireland in December for the new Ireland branch, which is located at Kilmore House in Spencer Dock.
Tim O'Hara, CEO of global markets at Credit Suisse, said: “We have long admired Ireland's commitment to and vision for the country's future as a European financial services centre and we are excited to establish our prime services business here.”
Ireland’s prime minister, Enda Kenny, commented: "Today's welcome announcement of the creation of 100 jobs by Credit Suisse and the opening of its Dublin branch is very significant.”
“It represents a strong endorsement of Ireland's reputation as a leading location for international financial services, building on the very strong job creation achieved in the sector in 2015 as a result of the government's International Financial Services Strategy, IFS 2020.”
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