One of the world's largest providers of financial services is to set up a research and development operation in Galway, creating 49 jobs.
The new development will take place over the next three years with the assistance of IDA Ireland.
Fidelity Investments, which is the largest mutual fund company in the US, currently employs 300 people in Dublin and Galway.
The company has been operating in Ireland since 1996.
Managing Directory of Fidelty's Irish operation, Paul Murtagh, said: ‘With this new R&D function, Fidelity is well-positioned to further expand its current operation in Glaway and contribute to future technology projects'.
