Press Release 27 Feb 2015

Dublin, 27th February 2015 – IDA Ireland today welcomed the formal launch of Metlife’s expanded European hub in Dublin.

Founded in 1868, MetLife is a global provider of life insurance, annuities, employee benefits and asset management.
The US headquartered IDA Ireland client company first set up an operation in 2006 and now employs close to 300 people at its HQ on Hatch Street, Dublin 2, across a number of business activities.

Speaking at the launch Dirk Ostijn, CEO of MetLife Europe Limited said "I am regularly asked the question, ‘why Ireland?’. Well, there are a couple of reasons for this – a strong regulatory environment being the first one. It is very important in our line of work that we have a strong regulatory environment – and, in the Central Bank of Ireland, we do.  A second reason is a talented workforce. We started in Dublin in 2006 with just 10 employees and now we have grown to over two hundred and sixty highly-skilled employees across actuarial, financial, compliance, risk, legal, and other important support and management functions. This building is home to approximately 20 nationalities with several languages spoken across our five floors. So, we are a great example of a vibrant and diverse corporate culture. And thirdly : Dublin’s reputation as a thriving, cosmopolitan, international city, plus its location as a gateway into the European market played an important role in our choice to locate our expanding operations here in Ireland."

Commenting on the launch Martin Shanahan, CEO, IDA Ireland said “Metlife has enjoyed extraordinary growth in Dublin in recent years which strongly endorses Ireland as being an excellent location in which to do high-value business. 
Ireland is the seventh largest provider of wholesale Financial Services in the EU. With more than 500 International financial institutions, Ireland has become a world-leading centre for a variety of activities ranging from fund administration to aircraft leasing.  This is due to a highly skilled workforce, a stable business environment and Ireland’s location as a Gateway to Europe.
I would like to take this opportunity to congratulate the entire team in Metlife on this milestone and offer our continued support.”

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