Global investment firm Fidelity International is to create 250 new jobs at its Dublin office in a move that will almost double its workforce in the Irish capital.
The €262 billion fund house, which currently has 280 employees in Dublin, said that the expansion formed part of its “ambitious growth plans” and has not linked the new jobs to Brexit.
Fidelity’s president Brian Conroy said: “Dublin is a key international hub to support our global growth objectives for the business”.
The announcement comes as competition is hotting up among rival EU financial centres to attract financial services firms from London ahead of Brexit.
Frankfurt is currently in the lead, with thousands of jobs to move from London – currently Europe’s top financial centre – to Germany’s lead financial city over the next few years.
Other major financial industry firms to announce the creation of jobs in Dublin since last year’s Brexit referendum in the UK include JP Morgan, Bank of America Merrill Lynch and Legal & General Investment Management.
Luxembourg, Amsterdam and Paris have also been successful in attracting financial jobs as the UK prepares to leave the bloc.
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