Deutsche Börse and its post-trade services provider Clearstream, has opened a new office in Cork, Ireland.
Clearstream moved its operations to Cork earlier this year in June.
Deutsche Boerse suggested that the new office in Cork has become a “vital and successful hub” for the investment funds operations and one of the major locations for Clearstream.
By 2020, Deutsche Börse Group expects around 600 employees to work in the Cork office.
Kieran Donoghue, IDA Ireland’s head of international financial services, said: “Clearstream is a valued and respected employer in Cork, adding substantially to the local and wider regional economy.”
He added: “Having an international financial services company of this calibre expand its operations in Cork will act as an excellent reference seller for other similar potential investment and enhance Cork’s reputation as a location of choice for such investment.”
Simon Coveney, tánaiste, attended the inauguration of the new office, he stated: “Deutsche Börse Group and Clearstream are valued members of the business community and we are proud of their decision to strengthen their commitment to Cork.”
