One hundred jobs are to be created at a world-leading financial services firm based in Dublin and Galway.
Fidelity Investments plans to take on new highly skilled technology experts over the next three years.
The €11m investment, supported by IDA Ireland, will see recruits for the company’s technology research, services and operations.
Julia Davenport, the company’s senior vice president, said the firm was committed to its Irish operation.
“Ireland is a proven market in which Fidelity can continue to develop a vital part of our global technology organisation,” she 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.”
Fidelity came to Ireland in 1996 and has more than 240 technology associates in Galway and Dublin supporting business in the US, Europe and Asia, including asset management and information security.
Barry O’Leary, IDA Ireland chief executive, said the jobs boost was an excellent endorsement of the country’s flexible workforce.
“Fidelity’s investment shows our capacity to provide an increasingly competitive, business-friendly environment in which technology companies can grow and develop,” Mr O’Leary said.
“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.”
Fidelity has about $3.5 trillion of assets under administration. Founded in 1946, it provides investment management, retirement planning, brokerage and other financial products and services to more than 20 million customers.