The Investec Munster office opening was welcomed by Minister Simon Coveney with Cork native, Aisling Dodgson, Head of Treasury, Investec and Eddie Clarke, Head of Wealth & Investment.

The Investec Munster office opening was welcomed by Minister Simon Coveney with Cork native, Aisling Dodgson, Head of Treasury, Investec and Eddie Clarke, Head of Wealth & Investment.

Investec opens new Munster office in Cork

Investec creates ten jobs adding to the 240 strong Investec Ireland team

 

18th, February, 2016 – Investec, a leading specialist bank and wealth and investment manager, has announced the opening of a new Munster office in Cork city at the iconic One Albert Quay development expanding its operations outside of Dublin and the creation of ten jobs.  The Munster office will be staffed by a local team adding to the 240 strong Investec team in the Dublin office – a headcount which has doubled in the last few years.  Investec was new to the market over a decade ago, and has now grown to become a significant player providing specialist banking services in: treasury; corporate finance; and wealth and investment predominantly in the corporate SME sector and for those requiring wealth management services. 

Speaking at the opening of the Munster office, Ciaran Whelan, Irish-born Global Head of Specialist Bank commented on Investec’s move into the Munster region: “As a business, we’ve grown significantly in Ireland over the past five years providing competitive, value-added specialist services for corporate, SME and wealth management clients. Investec continues to invest in Ireland, and sees great opportunity in the region and the country in the long term unlike many International banks that have down scaled their operations in Ireland.  Cork city is a natural next step in the group’s expanding footprint in Ireland, housing many of the world’s leading companies in technology and pharmaceuticals.  Having doubled our headcount in Ireland over the past few years our next challenge is to help firms in Ireland experience similar growth.”

Head of Treasury at Investec and Cork native, Aisling Dodgson explains why the South West region was identified as a strong business opportunity for Investec: “We are now entering a new phase of economic growth nationally and the Munster region is a key driver of that. We know that Cork has 14% of the national population but contributes 19% to GDP and very much punches above its weight. We also know that there are more entrepreneurs in the South West than in any of the other regions of the country.  The South West not only opens up the FDI firms for business but also local, Irish indigenous companies created by those entrepreneurs. As the economy grows Cork and the South West will benefit from disproportionate growth given the level of entrepreneurship within the region.

Kieran Ferguson, Head of the Munster office, said, “In terms of growing the business, we are very focused in what we can deliver to clients in Munster through access to finance, treasury solutions and wealth management services by providing clients with a truly localised value-added service provided by a truly exceptional team of banking professionals. Having a strong presence in the Munster region will also ensure we can be even more responsive to the needs of our customers by working closer with various industry associations and stakeholder groups across the region.”

The Investec Munster team can be reached by phone at 021 237 3800 or by email at corkinfo@investec.ie.

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