One of the largest US financial institutions operating in the Republic plans to double its staff numbers here to 1,400 over the next three to five years, according to a report today.
The Bank of New York Mellon Corporation, which employs 500 people in the IFSC in Dublin and 200 in Cork, is to increase its workforce in both cities, the Irish Times report said.
However, it warned over the shortage of skilled financial staff in Dublin and over EU proposals to harmonise corporate taxes across Europe, which would raise the Irish rate.
Bank of New York merged with Mellon Financial Corporation in December.
