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State Street Opens New Kilkenny Office

Written by Robert McHugh, on 3rd Apr 2024. Posted in Ireland

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State Street Corporation, the global provider of financial services to institutional investors, recently marked the official opening of its new office building in Kilkenny. 

Located at IDA Ireland Business and Technology Park, the new building is also home to State Street’s recently established global cybersecurity centre of excellence, the only dedicated cybersecurity hub outside of the US, supporting the needs of its employees in over 200 geographic markets worldwide. 

State Street said the availability of relevant and skilled technology talent from universities in the South-East region, alongside the need to support global operations outside of the US, are two of the key reasons for the firm to select Kilkenny as its regional base.

'Exceptional Talent Pool'

“Our new office and global cybersecurity centre reflects State Street’s commitment to Ireland and our confidence in the South-East region's exceptional talent pool,” said Ron O ’Hanley, chairman and chief executive officer of State Street. 

"We are grateful to the Irish government for its support in our continuing journey to enhance our operational capabilities by leveraging Ireland’s exceptional workforce and its strength as a fund domicile and ecosystem.”

Opening Ceremony

State Street established its Irish operations in 1996 and has grown to become one of the largest international financial services employers in Ireland. With a presence in Kilkenny for over 20 years, State Street was the first company in the International Financial Services Centre (IFSC), to establish a regional base outside of Dublin. 

The opening ceremony was hosted by the Minister for Finance, Michael McGrath, and by State Street chairman and chief executive officer, Ron O’Hanley.

'Vital Element'

“I want to congratulate State Street on this important milestone for their regional operations in Ireland," said Minister McGrath.

"The Kilkenny operations are a vital element in the development of the international financial services sector in the South-East region and the cybersecurity centre is a testament to links they have developed with the third level institutions.”

Source: www.businessworld.ie

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