Dublin People

Major boost for the Southside as bank expands operations

THE news that Bank of America intends to make Dublin its European base following the Brexit vote has been welcomed on the Southside.

Fine Gael Senator, Neale Richmond, said the move is a particular endorsement for the bank’s operations in Sandyford. 

 

“This is a tremendous boost of confidence for the Sandyford office which together with the bank’s city centre offices, now employs more than 700 high paying roles in Ireland,

? Senator Richmond said.

“Bank of America has had Irish operations for over 50 years and this is another example of our committed and skilled workers acting as ambassadors for the Irish economy.

“In the coming months we will have additional clarity on the exact number of jobs coming to Ireland, but these will be front office roles which attract high value salaries.

Senator Richmond added:

“As part of the Irish Government Brexit’s strategy, the IDA, the Central Bank and the Department of Finance have made many of their officials available to provide advice so that we can attract as much investment to offset many of the threats Brexit has led to. 

“This is another vote of confidence in Ireland and its expanding financial services sector. We can see clearly that the expansion of the Sandyford Business District has led to the Southside becoming a prime location for investment with over 1,000 new jobs being announced in Sandyford in recent months.

“The new Sandyford Business Improvement District is actively promoting the area and working to boost the product on offer.

Deputy Josepha Madigan described the move as

“an extremely positive announcement

?. 

“This decision highlights that the Government’s approach to Brexit is working and we are succeeding in attracting business from the UK,

? Deputy Madigan stated.

“This decision is of particular interest locally as Bank of America have a sizeable presence already in Leopardstown.

“This decision will result in more high-quality jobs for Leopardstown.

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