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Press Release 12 Nov 2012

Video: Travis Carpico, President, Fidelity Investments in Ireland talk about their successful ops in Ireland

Fidelity Investments®, one of the world’s largest providers of financial services, today announced it plans to add 200 new positions at its facilities in Dublin and Galway.  Fidelity will hire200 highly skilled professionals who will provide a diverse mix of technology, back office operations and enterprise services expertise to Fidelity’s global operations.  The initiative, which represents a significant investment by Fidelity over the next several years, is supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland, the Government Agency responsible for the attraction and development of foreign direct investment in Ireland.

Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, said: “International financial services is a key sector targeted in the Action Plan for Jobs, and in the past 18 months we have implemented a number of changes to support expansion and job-creation in this sector. Over recent months we have seen some good news in this sector, and today’s announcement that one of world’s leading companies in this field is creating an additional 200 jobs in Dublin and Galway is very welcome. The Government will continue to work hard on implementing the necessary changes to ensure that we can see further announcements like this in the near future.”

 “Fidelity Investments is one of the most prestigious marquee names in world finance,” said Barry O’Leary, CEO at IDA Ireland. “This latest announcement is a vote of confidence in Ireland’s financial and technological infrastructure. Fidelity Ireland has continued to expand its business since beginning its Irish operation over 16 years ago.  I wish Fidelity Investments every success in their latest endeavour and offer them continued full support of the IDA,” he said.

Fidelity Investments established its presence in Ireland in 1996 and currently employs almost 500 technology and operations professionals at office locations in Galway and Dublin.  Fidelity Ireland associates represent multiple disciplines and support Fidelity business divisions in the United States, Europe and Asia including Asset Management, Corporate Technology, Information Security, Corporate Accounting, Finance and Human Resources. 

In 2011, Fidelity announced its intention to hire 100 new technology professionals. In fact, this number more than doubled earlier this year with a final overall addition of more than 250 employees. 

Today’s announcement of 200 new jobs is a continued indication of the important role Fidelity Ireland plays in supporting and enhancing the firm’s worldwide operations and represents the further diversification of Fidelity’s Irish workforce.  Fidelity Ireland associates are engaged in projects that touch almost every aspect of Fidelity’s businesses including brokerage operations, asset management, institutional brokerage and workplace investing.  Fidelity’s new associates will join highly-integrated global teams providing middle and back office financial operations expertise as well as various support functions including finance, accounting, treasury, human resources and end-user computing.  The new jobs range from entry level to management positions.  Prospective candidates who are interested in learning more may visit www.fidelityinvestments.ie or email FidelityIreland@fmr.com

“Ireland is a proven market in which Fidelity can continue to develop a vital part of our increasingly global organisation,” said Travis Carpico, President of Fidelity Investments Ireland.  “By continuing to expand here, Fidelity is building on its 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 a diverse range of services to multiple businesses across the firm.  We’re pleased to be collaborating with the IDA again and want to thank them for their continued partnership.”

Carpico added that: ‘’With financial markets active around the clock and Fidelity operating in multiple, global financial markets simultaneously, it’s imperative that the firm has the resources to power Fidelity’s world-class asset management and research organisations.’’

With this latest initiative, Fidelity is well-positioned to further expand its current operations in Ireland and enhance its contributions to future technology and operations projects.  The quality of the Irish workforce, the success of Fidelity’s existing organisation in Ireland and its collaborative partnerships with Irish universities were key factors in the company’s decision to expand here. 

About Fidelity Investments

Fidelity Investments is one of the world’s largest providers of financial services, with assets under administration of $3.8 trillion, including managed assets of $1.7 trillion, as of September 30, 2012.  Founded in 1946, the firm is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and many other financial products and services to more than 20 million individuals and institutions, as well as through 5,000 financial intermediary firms.  For more information about Fidelity Investments, visit www.fidelity.com


CONTACT/MEDIA REQUESTS: 
Fidelity Investment
Corporate Communications
001-617-563-5800, fidelitycorporateaffairs@fmr.com
   

IDA Ireland
Antoinette Tyrrell,
IDA Press & PR Executive
Phone +353 (0) 87 7572053

DJEI
Press Office, Department of Jobs, Enterprise and Innovation, 01-6312200, press.office@djei.ie

                                   

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