State Street, a global provider of financial services to institutional investors, has opened new Irish headquarters in Dublin. By the end of this year, the new office will house more than 1,100 employees across its global services and alternative investment solutions businesses.

Jay Hooley, CEO of State Street, said: “The opening of this new building is an example of our expanding footprint in Europe and our strong commitment to Ireland. We are continually broadening our service offerings and developing solutions that are uniquely suited to the needs of our clients. The Irish offshore fund administration market holds continued opportunities for growth, and will remain a key component in State Street’s goal to increase its non-US revenue.”

William Slattery, executive vice president and country head of State Street in Ireland, said: “Over the last 14 years, we have expanded significantly in Ireland through a combination of organic growth and acquisitions. We have built a reputation for excellence based on our combination of local presence, global expertise and for employing the most highly qualified professionals in the country.”