It was announced today that State Street Corporation is to establish a new specialist 400-strong team in Ireland to provide technology infrastructure and cyber security services to support group operations globally.
State Street celebrates 25 years in Ireland and 20 years in Kilkenny this year and currently employs approximately 2,000 staff in Ireland across Dublin, Drogheda, Naas and Kilkenny.
The new unit will be located at IDA Ireland Business and Technology Park in Kilkenny where State Street already employs approximately 600 staff and where the firm is in the process of developing a new state-of-the-art office. State Street say the new office will accommodate above average occupancy levels enabling it to draw on a broad staff pool along the east coast and midlands.
The new unit will employ up to 400 experienced and graduate level roles across programming, Cybersecurity Operations Analysts, Cybersecurity Instrumentation Engineers, Data Scientists, Cybersecurity Architects (Network, Identify Access Management and BlockChain), Cybersecurity Forensics/Investigations, Pen Testers and Governance as well as Risk and Compliance experts. The new roles will be filled on a phased basis over the next 2 years.
State Street say Ireland has been selected in large part due to the availability of relevant and skilled technology talent – existing and emerging - from universities and third level institutions, as well as the need to have a location outside the US for time zone support purposes.
Welcoming the news, Minister of State with special responsibility for Financial Services, Credit Unions and Insurance, Seán Fleming said, "The investment is an endorsement and a commitment to Ireland and the State Street team in Kilkenny. It demonstrates the vital role that regional operations can play in creating value for global firms. Both I and the team behind the Ireland for Finance Strategy wish State Street every success as they build out the team in the region."
State Street's head of Ireland, Tadhg Young added, "Ireland’s tech ecosystem and financial services credentials alongside Kilkenny’s central location and access to talent from third level institutions in Dublin, Carlow, Waterford and beyond were all compelling factors in our location decision. I wish to thank the IDA for their continuing support of State Street, and I strongly encourage anyone seeking a new career opportunity in a great location and with great prospects for professional development to check out our new roles."