Cowen: Citi to create 30 jobs at Dublin hub

One of the world’s biggest finance houses, Citi, is to headquarter its latest e-banking centre in Ireland, Taoiseach Brian Cowen announced today.

The €35m investment in next generation technology will create 30 highly skilled jobs at the bank’s Dublin hub.

The Taoiseach said Citi had built up a flagship Irish presence in the IFSC and made a significant contribution to the economy through salaries, services and corporation tax.

“The company has been a pioneer of our financial services industry in Ireland and has made an outstanding contribution to the economy over the years,” he said.

The Taoiseach said the e-banking initiative will be a huge boost for Citi’s Irish operations and also for the banking industry globally.

Citi said the new HQ, supported by IDA Ireland, would form part of its research, development and innovation base in Dublin and build a new centre of technology excellence.

Jobs created will include project managers, technology architects, business analysts and software/hardware engineers.

Some 2,200 people work in Citi’s Irish operations.

The Taoiseach made the investment announcement at Citi’s headquarters in New York on the final leg of his three-day trip.

“Citi Ireland is an excellent example of a financial services company in Ireland which has succeeded in replacing many lower-level roles with higher-value added positions,” he said.

“Its on-going enhancement of its Irish operation over the years has continuously moved it further up the value chain, which has enhanced its ability to secure new mandates from its parent group, such as this latest investment.”

Citi is one of the world’s leading financial services company with 200 million customer accounts and business in more than 100 countries.