Continued expansion at four Irish sites over 20+ years

State Street Corporation is one of the world's leading providers of financial services to institutional investors. The second-oldest continually operating United States bank, it now has operations worldwide as a global financial services and bank holding company. The company’s revenues are over $12 billion and it employs more than 42,000 people.
 

Multiple Irish locations 

State Street set up its Irish operations in 1996 and has grown in the intervening years to become the largest international financial services employer in Ireland, with 2,500 staff across four offices in Dublin, Naas, Drogheda and Kilkenny. The company is Ireland’s largest provider of fund administration services across both domiciled and non-domiciled funds, and Ireland’s number one custodian.

The company’s Kilkenny site in particular has expanded substantially in recent years, having started in 2001. The unit is located at IDA Ireland Business and Technology Park in Kilkenny where State Street had employed close to 600 staff working across a range of functions including fund administration, custody, transfer agency, financial reporting, tax services, risk, compliance and first-line-of-defence functions. The workforce based there is highly educated, with 95% holding a 3rd level qualification.
 

Adding new functions in Ireland

In 2021, needing a location outside the US for time zone support purposes, State Street set up a new specialist 400-strong team at its Kilkenny office to provide technology infrastructure and cybersecurity services to support group operations globally. The company chose Ireland largely due to the availability of relevant and skilled technology talent – existing and emerging – from universities and third level institutions
 

How Ireland helps State Street

• Continued expansion at four Irish sites over 20+ years
• State Street has been in Ireland for more than 25 years
• Company is Ireland’s largest provider of fund administration services 
• 95% of State Street Ireland workforce hold a 3rd-level qualification