Bank of America has completed the relocation of its European hub from London to Dublin ahead of Brexit, with the company increasing its headcount in Ireland to around 800.

The new entity - Bank of America Merrill Lynch International (BAMLI) - is now the company’s principal European banking entity, operating through branches in Amsterdam, Brussels, Frankfurt, London, Madrid, Milan, Paris and Zurich.

The US lender announced last year it would be merging its UK operation with the Irish unit as a result of Britain's departure from the European Union.

Bank of America has already had a presence in the Irish market for the last 50 years.

BAMLI Chair Anne Finucane said the relocation was completed "exactly on schedule and well ahead of the earliest possible date of the UK’s exit from the EU".