Fidelity International, an investment firm managing €265.8bn in assets, is set to create 250 new jobs in Dublin, Ireland as part of its growth strategy.

The provider has been operating in Dublin since 2000 and currently employs 280 staff in the region.

Fidelity International president Brian Conroy said: “Dublin is a key international hub to support our global growth objectives for the business. Fidelity is well-placed in a fast moving industry with exciting developments and innovations currently taking place. Therefore, expanding our presence in Dublin is critical to meeting our ambitious plans.”

Several firms have been ramping up their operations in Ireland in the recent times. In June 2017, Northern Trust announced plans to add up to 400 new jobs in the Irish city of Limerick. The next month, Bank of America picked Dublin as the new base for its European Union activities in response to Brexit.

In January 2017, Luxembourg-based FundRock Management Company established a new office in Dublin, and said that the move was prompted by market uncertainty following Brexit.