IDA Ireland welcomes JP Morgan’s expansion announcement in Dublin
IDA Ireland has welcomed JP Morgan’s announcement that it will be expanding its operations significantly in Dublin. The global financial services company has been in Ireland since 1968 and currently employs 500 people here. The company is to acquire a 130,000sq ft building in the heart of Dublin’s docklands in a move that will provide the US investment bank with the capacity to double its Irish work force to 1,000.
Minister of State for Financial Services Eoghan Murphy TD said: “This expansion on already significant Irish operations by JP Morgan is a welcome vote of confidence in the strength of Ireland’s offering and Dublin’s status as a major European financial centre. It further adds to the increasing depth and diversity of our financial services sector. It also reflects the increasing importance of Ireland as a gateway into the Single Market. I look forward to continuing working with our State Agencies in implementing the Government’s IFS 2020 Strategy.”
Martin Shanahan, CEO IDA Ireland said: “I am delighted to welcome the news that the largest investment bank in the world will be significantly expanding its footprint in Ireland. JP Morgan is a global leader in the financial services industry operating in over 100 countries across the world. The new office building will greatly enhance JP Morgan’s current presence in Ireland and afford it both the space and flexibility to meet its future growth plans.”
“Today’s announcement by JP Morgan represents a strong vote of confidence in Ireland and its expanding international financial services sector, and shows that our track record, pro-business environment, highly skilled talented workforce and an unwavering commitment to the European single market continues to appeal to investors.”
“IDA has been constantly engaged with J.P. Morgan over the past number of months. We are delighted that the company has selected Dublin to grow some of its businesses and confirmed in recent weeks that our capital city will be one of the anchors for their post-Brexit European operations.”
“Currently, there are over 400 international financial services companies employing over 40,000 people in Ireland. At home and through our network of global offices.”