Taoiseach Enda Kenny today officially opened the first Credit Suisse Trading Floor in Dublin, making Ireland an important hub for the bank’s Prime Services Business in Europe. The opening of the new floor will house circa 100 positions in Dublin, including 40 trading, risk and capital professionals and 60 support roles.
The key parts of the Prime Services business that will operate out of this location include Prime Brokerage, Prime Financing and Securities Lending, all of which serve clients across global markets. The Dublin operation will handle the trading, capital and risk management for the business while the salespeople and relationship managers will remain in London due to client proximity.
The opening of the Credit Suisse AG Dublin Branch (‘CS AG’) follows the Central Bank of Ireland’s announcement in December that it had authorized the bank to establish a branch in Ireland. The branch will be located at Kilmore House in Spencer Dock, at the heart of the IFSC.