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Credit Suisse opens new trading floor in Dublin

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Credit Suisse to open Front Office trading floor in Ireland for Prime Services business

Irish Taoiseach Enda Kenny has opened the first Credit Suisse Trading Floor in Dublin, making the country 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 authorised 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.
Kenny says: “Today’s welcome announcement of the creation of 100 jobs by Credit Suisse and the opening of its Dublin branch is very significant. It represents a strong endorsement of Ireland's reputation as a leading location for international financial services, building on the very strong job creation achieved in the sector in 2015 as a result of the Government's International Financial Services Strategy, IFS 2020. Supporting job creation in financial services is part of our long term economic plan to keep the recovery going."
Tim O’Hara CEO of Global Markets, Credit Suisse, says: “We are delighted to officially open the first Credit Suisse trading floor in Dublin today. This marks a first for Ireland and for Credit Suisse. The broad talent pool and efficiencies that the capital city has to offer made the decision to deploy operations in Dublin an easy one. Today’s opening further demonstrates our ongoing commitment to continue optimally serving our clients. We have made considerable investment in infrastructure and technology, all of which will help enhance our client offering.” He continued: “We have long admired Ireland’s commitment to and vision for the country’s future as a European financial services center and we are excited to establish our Prime Services business here.”

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