EquiLend has announced how it plans to continue offering a trading platform post-Brexit to clients in the European Union; by launching an office in Dublin.
The new office will be based at South Point in Dublin 2, and will be the headquarters of the firm’s Irish entity. EquiLend is a leading provider of trading, post-trade, market data and clearing services for the securities finance industry. The development of an Irish-based entity will assist the company in offering its trading platfrom to clients across the EU following the repercussions of Brexit.
Managing Director Laurence Marshall spoke about the decision to base the office in Dublin, saying Ireland’s commitment to fintech and its reputation as a growing tech hub were two factors that influenced the decision to base themselves in Dublin.
‘The ease of doing business in Ireland, its location in the EU and the network of talent available here together made Dublin a clear choice for EquiLend’s EU operations.’
Welcoming the announcement, Heather Humphreys, Minister for Business, Enterprise and Innovation spoke about the attractiveness of Dublin as a location for financial services companies. She also affirmed the Government’s commitment to creating an environment that encourages similar opportunities.
‘As we face into the challenges of Brexit, we are determined to pursue and seize new opportunities, and the Government has therefore been making strenuous efforts to ensure that we have the right conditions in place to continue to attract investments like this.’
