Deutsche Bank is to bring 700 new jobs to Dublin City with the establishment of a new operation in the Irish capital. The bank aims to create a Regional Hub and Centre of Excellence at a new 100,000 sq-foot operation at East Point.
The project, supported by the Irish Government through IDA Ireland, be based at Pinnacle 2 in EastPoint and hiring will begin in earnest in early 2014.
Deutsche Bank has had a presence in Dublin since 1991 and employs more than 300 people across two offices in the city.
The bank already has its Group Technology & Operations (GTO) group and Global Transaction Banking (GTB) group in Dublin.
The company hopes to nurture enduring relationships with Irish universities to guarantee a supply of skilled talent.
Vote of confidence
Jobs Minister Richard Bruton, TD, said the financial-services sector is a sustainable, export-driven industry for Ireland.
“In the past two years, we have seen strong employment growth in this area and major announcements by companies like Northern Trust and Clearstream.
“Today’s announcement that Deutsche Bank is creating an additional 700 jobs over the coming years in EastPoint is a huge vote of confidence in the sector and in Ireland’s economy, and great news for people looking for jobs in this industry. I commend IDA on their tireless work on this project, and I wish Deutsche Bank every success with this new operation,” Bruton said.
IDA Ireland chief executive Barry O’Leary described Deutsche Bank as one of Europe’s most dynamic financial institutions.
“This expansion at EastPoint will significantly bolster Ireland’s financial-services sector,” O’Leary said.
“Deutsche Bank has successfully built up a strong operation in Ireland over the last 20 years, and these plans to create a new Centre of Excellence in Dublin will confirm Dublin’s position as a significant European financial hub.”