Credit Suisse to open Front Office trading floor in Ireland and create 100 new positions

Investment bank Credit Suisse is opening a trading floor in Dublin and will create up to 100 new positions before the end of the year.

The bank is moving part of its Prime Services business, which works with large institutional clients which are investing and trading financial markets, from London to Dublin.

The new positions include 40 trading, risk and capital professionals and 60 support roles.

The project is supported by the Department of Jobs through IDA Ireland.

IDA Ireland’s CEO Martin Shanahan said the news was a very significant announcement in terms of the development of international financial services in Ireland.

“Trading activities have traditionally been exclusively associated with the larger global financial centres and the fact that one of the leading global prime brokers has now selected Dublin as a key hub for this business going forward is highly significant in our view”

Martin Shanahan, CEO IDA Ireland

Founded in 1856 with headquarters in Zurich, Switzerland, Credit Suisse has operations in over 50 countries.