State Street to set up global cybersecurity unit in Ireland

Financial services firm State Street is setting up a cybersecurity unit in Ireland to provide services and tech infrastructure to the company’s global operations.

State Street head of Ireland Tadhg Young

State Street says it selected Ireland due to its large pool of tech talent as well as the need for a non-US location for time-zone support purposes.

Roles will be drawn from sectors such as programming, cybersecurity, data science, blockchain and risk and compliance and filled on a phased basis over the next two years.

The 400-strong team will be based at IDA Ireland Business and Technology Park in Kilkenny, a city in the south east of the Republic.

State Street’s Ireland head Tadhg Young says: “Ireland’s tech ecosystem and financial services credentials alongside Kilkenny’s central location and access to talent from third level institutions in Dublin, Carlow, Waterford and beyond were all compelling factors in our location decision. I wish to thank the IDA for their continuing support of State Street.”

The company is the largest provider of fund administration and custody services in Ireland, with $1.7 trillion in assets serviced across all asset classes.