Investing
State Street warns of talent exodus as it echoes BlackRock’s call for Central Bank reform
Speaking at the opening of State Street’s new office the Minister of Finance said the government was committed to “ensuring Ireland remains attractive”
Financial services giant State Street has echoed calls for the Central Bank of Ireland (CBI) to be given a role in promoting the industry, as it warned some approval processes risk the “silent withdrawal” of talent.
State Street, which employs 2,000 staff in Ireland and is the largest provider of fund administration in the country, said the Department of Finance should “consider how to formalise the policy goal of supporting Ireland’s competitiveness”.
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