Since its arrival in Ireland in 1996, State Street has expanded to rank among the nation's biggest employers of foreign financial services.

State Street was the first organisation in the International Financial Services Centre (IFSC) to establish a regional office outside of Dublin, having been based in Kilkenny for more than 20 years.

Its new Kilkenny headquarters are located at the IDA Ireland Business and Technology Park.

The only cybersecurity hub outside of the US, State Street's recently formed global cybersecurity centre of excellence is housed in the new facility and serves the needs of the company's workers in more than 200 geographic regions throughout the globe.

The work that State Street has been doing in Kilkenny for more than 20 years will be enhanced by the company's new location, according to Terri Dempsey, country head of Ireland.

“Kilkenny's thriving talent pool and dynamic innovation landscape make it an ideal base for our established cybersecurity fusion centre and enables us to actively promote female participation in the tech industry,” said Ms Dempsey.

“Government policies and the continued support from the IDA have laid a solid foundation for State Street to grow together with the people of Kilkenny and for the prosperity of the region,” she stated.

Ron O'Hanley, chairman and CEO of State Street, stated, “Our new office and global cybersecurity centre reflects State Street's commitment to Ireland and our confidence in the South-East region's exceptional talent pool.”

“We are grateful to the Irish Government for its support in our continuing journey to enhance our operational capabilities by leveraging Ireland’s exceptional workforce and its strength as a fund domicile and ecosystem,” said the chief executive officer.

State Street's operations in Kilkenny are a crucial component in the growth of the international financial services sector in the South-East region, according to Minister of Finance Michael McGrath, who also opened the new office. The cybersecurity centre is evidence of the connections the company has made with higher education institutions.

“State Street is one of the largest employers in financial services and I want to wish all the team in Kilkenny the very best and continued success as they build out their exciting new cybersecurity global business in the new offices,” he stated.