BlackRock Announce 25 New Jobs
The IDA (Irish Development Authority) has welcomed the decision by BlackRock Inc, to open a new office in Ireland. The world's largest asset manager will create over 25 jobs.
BlackRock manages $3.5 trillion in assets and employs 10,100 people. Their Irish customer base has grown and the new office will serve those customers. This client base is valued by BlackRock at over $5bn. BlackRock serves Irish retail clients, Irish financial institutions and Irish pension schemes.
BlackRock's headquarters are in New York and their Irish office will be based in Grand Mill Quay in Dublin.
The IDA is targeting international financial services and investment management as key growth industries for Ireland. They aim to use BlackRock as a key reference client for such investment into the country.
Welcoming the announcement, the Minister for Jobs, Enterprise and Innovation Richard Bruton said:
“Financial services forms a major part of this Government’s plan for jobs and growth. Today’s announcement that BlackRock, a world leading company in the sector, has decided to establish an office and create jobs in Ireland, is another sign we are making progress in this sector. The Finance Bill will shortly implement significant measures to attract more international financial services jobs to Ireland, and this Government is determined that, by implementing the Action Plan for Jobs, this sector can play a major part in bringing jobs and recovery to Ireland”.
Barry O’Leary, CEO, of the IDA said:
“Financial services has been identified as a key growth area for Ireland’s economy. In that context, to see a world leading financial services company like BlackRock setting up an office in Dublin is extremely welcome and it should further enhance Ireland’s profile as a global investment hub”.