State Street Officially Opens its New Kilkenny Office
March 25 2024 - 10:05AM
Business Wire
- New office and establishment of global cybersecurity center a
major vote of confidence in Kilkenny
State Street Corporation (NYSE: STT) one of the world's leading
providers of financial services to institutional investors, today
marked the official opening of its new office building in
Kilkenny.
State Street established its Irish operations in 1996 and has
grown to become one of the largest international financial services
employers in Ireland. With a presence in Kilkenny for over 20
years, State Street was the first company in the International
Financial Services Centre (IFSC), to establish a regional base
outside of Dublin. Today’s opening ceremony, hosted by the Minister
for Finance, Michael McGrath, T.D. and by State Street chairman and
chief executive officer Ron O’Hanley, signifies a major milestone
in the firm’s ongoing commitment to the region and to Ireland.
“Our new office and global cybersecurity centre reflects State
Street’s commitment to Ireland and our confidence in the South-East
region's exceptional talent pool” said Ron O ’Hanley, chairman and
chief executive officer of State Street. "We are grateful to the
Irish government for its support in our continuing journey to
enhance our operational capabilities by leveraging Ireland’s
exceptional workforce and its strength as a fund domicile and
ecosystem.”
The availability of relevant and skilled technology talent from
universities in the South-East region, alongside the need to
support global operations outside of the US, are two of the key
reasons for the firm to select Kilkenny as its regional base.
Welcoming the news, Minister for Finance, Michael McGrath said:
“I want to congratulate State Street on this important milestone
for their regional operations in Ireland. The Kilkenny operations
are a vital element in the development of the international
financial services sector in the South-East region and the
cybersecurity centre is a testament to links they have developed
with the third level institutions. State Street is one of the
largest employers in financial services and I want to wish all the
team in Kilkenny the very best and continued success as they build
out their exciting new cybersecurity global business in the new
offices.”
Located at IDA Ireland Business and Technology Park, the new
state of the art building is also home to State Street’s recently
established global cybersecurity centre of excellence, the only
dedicated cybersecurity hub outside of the US, supporting the needs
of its employees in over 200 geographic markets worldwide.
Terri Dempsey, country head of Ireland, added: "The
establishment of this new office will amplify the work State Street
has been doing in Kilkenny for over twenty years, deepening our
connections to local community, businesses and institutions to
nurture growth and innovation. Kilkenny’s thriving talent pool and
dynamic innovation landscape make it an ideal base for our
established cybersecurity fusion centre and enables us to actively
promote female participation in the tech industry. Government
policies and the continued support from the IDA have laid a solid
foundation for State Street to grow together with the people of
Kilkenny and for the prosperity of the region."
State Street was recognised as the leading provider of fund
administration services and custody services, and transfer agent in
Ireland in The Monterey Insight 2023 report. Together with State
Street Global Advisors, State Street’s asset management business,
the firm has grown over the years to become one of the largest
international financial services employers in Ireland.
In addition to its strategic importance to the firm, the modern
building also reflects State Street’s strong commitment to
environmental responsibility, including energy management systems,
photovoltaic panels, and rainwater harvesting achieving BER A3
rating. The building has also integrated biodiversity elements and
prioritised employee well-being with Fitwel certification, ample
bicycle parking, walking trails, beehives, fitness hubs and diverse
accessibility features to create a sustainable and employee-centric
environment.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors
including investment servicing, investment management and
investment research and trading. With $41.8 trillion in assets
under custody and/or administration and $4.1 trillion* in assets
under management as of December 31, 2023, State Street operates
globally in more than 100 geographic markets and employs
approximately 46,000 worldwide. For more information, visit State
Street's website at www.statestreet.com.
*Assets under management as of December 31, 2023, includes
approximately $64 billion of assets with respect to SPDR® products
for which State Street Global Advisors Funds Distributors, LLC
(SSGA FD) acts solely as the marketing agent. SSGA FD and State
Street Global Advisors are affiliated.
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version on businesswire.com: https://www.businesswire.com/news/home/20240325846732/en/
Media: Michel Chau +44 (0) 7500 682982
mchau@statestreet.com
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