Fidelity to create 100 Irish positions

FINANCIAL services firm Fidelity Investments will create 100 jobs in Galway and Dublin following an €11 million investment.

The company said Ireland is a proven market for them and it expects to continue to develop here.

It said the quality of the Irish workforce, the success of Fidelity’s existing operations in Ireland and the research carried out in Irish universities were key factors in the company’s decision to expand here.

Senior vice president of Fidelity Investments Julia Davenport said: “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.”

Ms Davenport said that with financial markets active around the clock and Fidelity operating in multiple, global financial markets simultaneously, it’s “imperative” that the firm’s technology division has the resources to power Fidelity’s asset management and research organisation.

The firm, which is one of the world’s largest providers of financial services, said the expansion will further enhance its Irish operations.

IDA chief executive Barry O’Leary said the addition of the 100 jobs is an “excellent endorsement” of a flexible workforce.

“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,” he said.

Fidelity is looking for highly skilled technology professionals to focus on investment management and corporate enterprise technology solutions for its global operations.

Fidelity Investment was set up in Ireland 15 years ago and has more than 240 staff in Galway and Dublin.

ICT Ireland, the IBEC group that represents the high-tech sector, welcomed the jobs announcement by Fidelity.

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