700 Jobs In Deutsche Bank Expansion

700 new jobs are to be created at Deutsche Bank in Dublin.

Jobs Minister Richard Bruton and IDA Ireland today welcomed the announcement, which will see Deutsche Bank grow its operations in Dublin by taking 100,000 square feet of office space at Eastpoint Business Park. The bank aims to create a Regional Hub and Centre of Excellence in Dublin.

Hiring will begin in 2014. The new operation will be based at Pinnacle 2 in Eastpoint.

Deutsche Bank has operated in Dublin since 1991.

It employs over 300 people across two offices in the city.

Minister Bruton said: "International financial services is a key sector targeted as part of the Government’s Action Plan for Jobs. This is a sustainable, export-driven industry where Ireland has developed major strengths and we have put in place important changes to target substantial jobs growth in the coming years. In the past two years we have seen strong employment growth in this area and major announcements by companies like Northern Trust and Clearstream. Today’s announcement that Deutsche Bank is creating an additional 700 jobs over the coming years in East Point is a huge vote of confidence in the sector and in Ireland’s economy and great news for people looking for jobs in this industry. I commend IDA on their tireless work on this project, and I wish Deutsche Bank every success with this new operation."

Commenting on the expansion planned by the bank, Mr Barry O’Leary, Chief Executive of IDA Ireland said: "’Deutsche Bank is one of Europe’s most dynamic financial institutions and this expansion at Eastpoint will significantly bolster Ireland’s financial services sector. Deutsche has successfully built up a strong operation in Ireland over the last 20 years, and these plans to create a new Centre of Excellence in Dublin will confirm Dublin's position as a significant European financial hub.’"

(IT/CD)