Barclays to become largest lender in Ireland as new hub opens

Group chief Jes Staley says Republic was ‘clear choice’ for bank’s European base

Kevin Wall, chief executive, Barclays Bank Ireland; Helen Keelan, chairperson, and Jes Staley, Barclays group chief executive, show Leo Varadkar around the bank’s new Dublin office. Photograph: Naoise Culhane

Kevin Wall, chief executive, Barclays Bank Ireland; Helen Keelan, chairperson, and Jes Staley, Barclays group chief executive, show Leo Varadkar around the bank’s new Dublin office. Photograph: Naoise Culhane

Barclays chief executive Jes Staley said that the UK banking giant’s decision to set up its post-Brexit EU hub in the Republic was a “clear one” given the links between both countries, as he presided over the opening of the company’s new office in Dublin on Wednesday.

The London-listed bank confirmed it expects to double its employee count in Dublin to 300 by the end of 2019. Taoiseach Leo Varadkar also attended the opening of the new office at One Molesworth Street in Dublin 2, which has 37,000sq ft (3,437sq m) of space.

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