Barclays workforce to rise to 300 employees in 2019

  • Barclays Bank Ireland has announced plans to double its workforce to 300 staff by 2019 following approval from the Central Bank of Ireland to expand its Irish operations.

    Barclays Bank Ireland has been operating in Ireland for 40 years and at present employs 150 employees. The company is growing its licensed activity across corporate and investment banking, and a new office in Dublin will facilitate plans to double the workforce to 300 in 2019.

    IDA Ireland joined several others in congratulating Barclays on its 40-year anniversary in Ireland, recognising the new office space and the exciting plans to enhance operations in Dublin. The bank reportedly will have total assets of €250 billion, which makes it the largest bank by assets in the country.

    "Barclays has had a strong presence in Ireland since 1978 and I am delighted to see that it will double its footprint in Ireland," commented IDA CEO Martin Shanahan berfore congratulating Barclays Bank Ireland CEO Kevin Wall on the move. Shanahan added that "Ireland's access to the EU's markets and regulatory systems has become increasingly important for Ireland post-Brexit. Companies based in the U.K want to retain a foothold in the EU, and Ireland is the perfect location from which to do this."

    Heather Humphreys TD, Minister for Business, Enterprise and Innovation, positively commented, "I warmly welcome this news from Barclays. This new office will provide them with the space required for the expected doubling of their workforce next year as they enlarge their Dublin operation. Barclays has a long and proud history in Ireland and this year marks their 40th Anniversary here. This announcement once again shows that Ireland is now a major player and a very attractive location for Financial Services companies from all over the world and today’s announcement from Barclays is a great vote of confidence in what we have to offer."

     SOURCES: Ida Ireland, RTE News, Silicon Republic

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