State Street, one of the world's leading providers of financial services to institutional investors, is Ireland’s largest provider of fund administration services across both domiciled and non-domiciled funds, and Ireland’s number one custodian.
In Ireland State Street is the largest International Financial Services employer with 2,500 staff in Dublin, Naas, Drogheda and Kilkenny. The Kilkenny site in particular has grown substantially in recent years.
It was established in 2001 and currently employs circa 600 people working across a wide range of functions including Fund Administration, Custody, Transfer Agency, Financial Reporting, Tax Services, Risk, Compliance and FLOD functions. The workforce is highly educated workforce with 95% holding a 3rd level qualification.
In 2021, they established a new specialist 400-strong team in Ireland to provide technology infrastructure and cyber security services to support group operations globally. 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.
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. Reflective of new ways of working post COVID and of staff preferences for flexibility and remote working, the new office will accommodate above average occupancy levels enabling it to draw on a broad staff pool along the east coast and midlands.
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