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September 7, 2021

State Street to establish cybersecurity unit in Ireland

By Patrick Brusnahan

State Street Corporation has announced its plans for a 400-strong team in Ireland to provide technology infrastructure and cybersecurity services.

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Currently, State Street employs close to 2,000 staff in Ireland having been in the country for 25 years.

The firm selected Ireland due to its relevant and skilled technology talent, existing and emerging, from universities and third-level institutions. In addition, the bank needed a location outside the US for timezone purposes.

Furthermore, the arm will be located at IDA Ireland Business and Technology Park in Kilkenny where State Street has already placed 600 staff. It is also developing a new office there.

Tadhg Young, State Street’s head of Ireland, said: “Ireland’s tech ecosystem and financial services credentials alongside Kilkenny’s central location and access to talent from third level institutions in Dublin, Carlow, Waterford and beyond were all compelling factors in our location decision. I wish to thank the IDA for their continuing support of State Street, and I strongly encourage anyone seeking a new career opportunity in a great location and with great prospects for professional development to check out our new roles.”

Leo Varadkar, Tánaiste and Minister for Enterprise, Trade and Employment said: “This is a fantastic boost for Kilkenny. State Street, which already employs 600 in its Loughboy office and approximately 2,000 across the country has chosen to locate a new cybersecurity and technology unit in the county, creating up to 400 new jobs over the next 2 years. Ireland’s highly skilled and experienced workforce continues to attract the very best investment across the country.”

Ireland is not the only focus as State Street appointed new country heads for Germany, Luxembourg, and Switzerland to further sharpen its focus on the European market.

The firm appointed Andreas Niklaus as the head of Germany, Riccardo Lamanna as the head of Luxembourg and Dagmar Borens as the head of Switzerland.

The new hires will focus on developing business, stewarding client engagement, developing talent, and building the company’s brand and market network in their respective market.

Free Whitepaper
img

Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

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