Fidelity Investments to create 100 new jobs

14 Feb 2011

Financial services provider Fidelity Investments is to add 100 new positions at its facilities in Galway and Dublin.

The company plans to hire 100 highly skilled professionals, from entry to management levels. The new employees will work in software development, such as Java and .NET, performance and test engineering, database development and management, systems analysis and quality assurance, to add to the Fidelity Technology Group (FTG).

FTG is responsible for the company’s technology research, services and operations. The roles will focus on investment management and corporate enterprise technology solutions for Fidelity’s global operations.

FTG delivers a range of technology projects, including monitoring and trading, voice-recognition systems, user interface design, business process management (BPM), workflow transaction processing, fund pricing and market data technology.

The initiative, which is sponsored by IDA Ireland, is part of an €11m investment by Fidelity over a three-year period.

“The addition of 100 highly skilled technology jobs is an excellent endorsement of Ireland’s flexible workforce,” said Barry O’Leary CEO of IDA Ireland.

“Fidelity’s investment shows our capacity to provide an increasingly competitive, business friendly environment in which technology companies can grow and develop. Fidelity has one of the largest R&D divisions within the multinational financial services sector operating in Ireland and IDA Ireland is delighted to work closely with the company as it embeds its operations further here,” O’Leary added.

Julia Davenport, senior vice-president of Fidelity Investments, said, “Ireland is a proven market in which Fidelity can continue to develop a vital part of our global technology organisation.

“By expanding here, Fidelity is making a strategic, long-term decision to invest in a region with a well-educated, highly skilled workforce from which we can draw the quality talent needed to provide services across the firm. We’re so pleased to be collaborating with the IDA, as well as our partners at several outstanding Irish universities.”

Fidelity Investments, which was established in Ireland in 1996, currently employs more than 240 technology associates.

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