US financial services corporation Citi is to create 250 jobs in Dublin and Waterford, which the Minister for Enterprise, Trade and Innovation Batt O’Keeffe called a strong endorsement for Ireland.
The positions are set to begin next year and will cover operations, technology, funds and product development.
The new jobs are supported by the Government through IDA Ireland and O’Keeffe said the announcement is a “strong endorsement of Ireland’s financial services sector” and added that the employment boost demonstrates Ireland’s competitive edge.
“More than half the world’s leading financial services firms now have operations in Ireland.
"Citi’s announcement today demonstrates that we can out-perform rival locations for major global investments in the financial services sector because we have the talent, track record and tax regime that makes global players want to hub here,” said O’Keeffe.
The firm has already hired 300 workers in the past 12 months, including a number of graduates on the FÁS work placement programme.
Location of choice
Citi’s global head of global transaction services, Francesco Vanni d’Archirafi, described Citi Ireland as a “centre of excellence for our global transaction services business” and the location of choice for “the pursuit of innovation in financial services”.
“There is a wealth of talent, experience and expertise based here and, with the support of IDA Ireland, we will continue to grow our business and provide the banking products and services of the future from here,” he said.
Citi has been operating in Ireland for 45 years and employs more that 2,200 workers and recently announced the creation of 500 positions in its Belfast operations over the next five years.
Citi, a leading global financial services company, has about 200 million customer accounts and does business in more than 140 countries.