Securities finance service provider, EquiLend, today announced the opening of its office in Dublin to serve European clients following Brexit.
The new Dublin 2 base will act as the headquarters of EquiLend Limited, the firm’s Irish entity. With the launch of an Ireland-based entity, EquiLend will be able to continue offering its trading platform post-Brexit to clients transacting in the European Union.
The company said it will remain fully committed to the U.K. market and maintain its existing Canary Wharf office and MTF status in the U.K. to serve U.K.-based activity.
Equilend provides trading and post-trade services for the securities finance industry with offices in New York, London, Dublin, Hong Kong and Toronto. It is owned by BlackRock, Credit Suisse, Goldman Sachs, JP Morgan, JP Morgan Chase, Bank of America Merrill Lynch, Morgan Stanley, Northern Trust, State Street and UBS.
Commenting on the new office, Managing Director of Equiland, Laurence Marshall, said: “After careful consideration, we decided that Dublin was the best location for EquiLend’s new EU-based entity. The ease of doing business in Ireland, its commitment to fintech and reputation as a tech center of excellence, its location in the EU and the network of talent available here together made Dublin a clear choice for EquiLend’s EU operations.”