State Street Announces Opening of Its New Office in Kilkenny

State Street Corporation (State Street), one of the world's leading financial services providers, announced on Monday (March 25) the official opening of its new office building in Kilkenny, Ireland.

Kilkenny was chosen as a regional hub based on the availability of talented technology professionals from universities in the South-East region and the need to support global operations outside of the United States, explained State Street in the announcement.

Ron O'Hanley, Chairman and Chief Executive Officer of State Street, commented: "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."

Since its establishment in 1996, State Street's Irish operations have experienced significant growth, establishing itself as one of the largest employers in Ireland's international financial services sector.

Terri Dempsey, Country Head of Ireland at State Street, added: "The establishment of this new office will amplify the work State Street has been doing in Kilkenny for over twenty years, deepening our connections to local community, businesses and institutions to nurture growth and innovation. 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. 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."

According to the announcement, the new building, located at IDA Ireland Business and Technology Park, is also home to State Street's recently established global cybersecurity centre of excellence, the only dedicated cybersecurity hub outside of the US, supporting the needs of its employees in over 200 geographic markets worldwide.

Last September, State Street also unveiled its new headquarters building at Boston​ and launched its new brand and digital-first visual identity, further demonstrating its commitment to the city as a hub for both innovation and financial excellence.