A financial services company is to create 100 IT jobs at its offices in Galway and Dublin.

Fidelity Investments already employs 240 people in Ireland.

More than 75% of the new jobs will be created at the Fidelity Offices on the Parkmore East Business Park, Galway.

The company says the quality of its Irish workforce and the level of research work being carried out at Irish universities were the key factory in its decision to expand its operations in Ireland.

Fidelity Senior Vice President Julia Davenport said its offices in Galway and Dublin will play a vital role in developing the company's global organisation.

The IDA says the creation of 100 highly-skilled technology jobs is an important endorsement of Ireland's ability to continue to provide an environment in which high-tech companies can continue to grow.

The new jobs in software engineering, development and systems analysis will be created over the next three years.

Today's decision by Fidelity brings to over 700 the number of new jobs announced for Galway in recent months.

The city still has more than 12,000 on its dole queues, but the Chamber of Commerce says today's jobs announcement is particularly significant.