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Investec opens new Munster office in Cork

Written by Robert McHugh, on 18th Feb 2016. Posted in General

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Investec have today announced the opening of a new Munster office in Cork city at the iconic One Albert Quay development.

The Munster office will be staffed by a local team adding to the 240 strong Investec team in the Dublin office – a headcount which has doubled in the last few years.
 
The specialist bank and wealth and investment manager providing specialist banking services in treasury, corporate finance and wealth and investment predominantly in the corporate SME sector and for those requiring wealth management services.  
 
The new office will create ten jobs.

Global Head of Investec, Ciaran Whelan said, "As a business, we’ve grown significantly in Ireland over the past five years providing competitive, value-added specialist services for corporate, SME and wealth management clients. 

"Investec continues to invest in Ireland, and sees great opportunity in the region and the country in the long term unlike many International banks that have down scaled their operations in Ireland. Cork city is a natural next step in the group’s expanding footprint in Ireland, housing many of the world’s leading companies in technology and pharmaceuticals. Having doubled our headcount in Ireland over the past few years our next challenge is to help firms in Ireland experience similar growth."
 
Head of Treasury at Investec, Aisling Dodgson added, "Cork has 14% of the national population but contributes 19% to GDP and very much punches above its weight. We also know that there are more entrepreneurs in the South West than in any of the other regions of the country.  

"The South West not only opens up the FDI firms for business but also local, Irish indigenous companies created by those entrepreneurs. As the economy grows Cork and the South West will benefit from disproportionate growth given the level of entrepreneurship within the region."
 
Source: www.businessworld.ie 

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