Fidelity International is to bolster its new state of the art office in Dublin with 250 additional jobs, announced the Tánaiste and Minister for Business, Enterprise and Innovation, Frances Fitzgerald TD, today.
Fidelity International, a client of the IDA, is a global investment and retirement savings business serving investors in all corners of the world outside North America. It manages customer assets of €265.8bn and assets under administration of €82.4bn.* Fidelity has had a presence in Ireland since 2000 and its significant investment in Dublin is part of its ambitious growth plans to create a leading long term savings business.
Fidelity International already has over 280 people in its 77,000 sq. ft. office in George’s Quay House, Townsend St, Dublin 2. These offices, located in the heart of Dublin’s financial district, have the capacity for 250 additional roles.
Making the announcement An Tánaiste and Minister for Business, Enterprise and Innovation Frances Fitzgerald TD, said: “Ireland is now a major player and a very attractive location for International Financial Services companies from all over the world. We have the skills and structures to support new projects and to welcome new investors. Fidelity's decision to expand here is an important landmark and I look forward to an ongoing mutually beneficial business relationship with Ireland. The Government has been making strenuous efforts to ensure that we have the right conditions, especially skills availability, in place in Ireland to attract the knowledge based sectors and initiatives like this one today by Fidelity.”
Brian Conroy, President of Fidelity International, who joined the Tánaiste at the announcement, said:
"Dublin is a key international hub to support our global growth objectives for the business. Fidelity is well-placed in a fast moving industry with exciting developments and innovations currently taking place. Therefore, expanding our presence in Dublin is critical to meeting our ambitious plans.
With over 280 employees from 32 different nationalities represented in our new office, and with capacity for 250 more, there are significant opportunities for those looking to grow their careers in a truly international environment.
Ireland’s stability, access to world class talent, the support from the IDA and the Irish Government’s commitment to supporting business and bettering infrastructure has made Dublin an extremely attractive choice for our growing, global business."
Welcoming the announcement, Martin Shanahan, CEO, IDA Ireland: said “This latest job announcement is the next phase of Fidelity’s journey in Ireland - having already grown its workforce from 58 to 280 full time employees over the past 14 months. The plans by Fidelity International to add 250 jobs shows that global companies in the financial services sector are continuing to find the right talent to facilitate their plans for rapid expansion. Ireland has witnessed a significant number of investments in Financial Services in recent months, underlying our competitiveness in this sector.”
Notes to Editors
*as at 30 June 2017
About Fidelity International
Fidelity International offers world class investment solutions and retirement expertise. As a privately owned, independent company, investment is our only business. We are driven by the needs of our clients, not by shareholders. Our vision is to deliver innovative client solutions for a better future. We invest €265.8bn globally on behalf of clients in 25 countries across Asia-Pacific, Europe, the Middle East, and South America. Our clients range from central banks, sovereign wealth funds, large corporates, financial institutions, insurers and wealth managers, to private individuals. In addition to asset management, we offer investment administration and guidance for employer benefit schemes, advisers and individuals in several countries. We are responsible for €82.4bn in assets under administration. Data as at 30 June 2017.
Media queries –
Gillian Kelly, Press and PR, IDA Ireland – 087 1789893
Jeena Riggall, Corporate Communications, Fidelity International: 020 7074 5277, Jeena.firstname.lastname@example.org
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