London banking consultancy Albany Beck identifies Dublin as optimum location to invest in and scale its EU business.

Albany Beck is launching an EU Operations Centre in Dublin that will create 100 new jobs over the next three years.

The investment is supported by the Irish Government through IDA Ireland.

“As a Dubliner, I take great pleasure in seeing the city continue to thrive, especially with Albany Beck being a part of it”

The new roles created will be in in the areas of Software Development, Software Engineering, Cloud-Services, Machine Learning/AI/Automation, Know Your Customer (KYC) and Transaction Management. Recruitment will begin immediately for Software Developers, Full-stack software engineers, Python Developers and KYC Analysts

After expanding successfully into Ireland in 2018 and rapidly growing to a team of 87, the company has identified Dublin as the optimum location to invest in and to scale its EU business following Brexit.

Banking on Dublin

Adam Kelly, partner and head of the EU Operations Centre at Albany Beck said the expansion will allow the company to seamlessly provide its cutting-edge services to its EU clients, from regulatory and compliance advice to digital transformation and systems implementation.

“Over the last couple of years our success in Ireland has been exceptional. Dublin has been the ideal location for Albany Beck and our service offering,” Kelly said.

“The depth of talent in Ireland, especially in software development and financial services has been the key to our growth. As a Dubliner, I take great pleasure in seeing the city continue to thrive, especially with Albany Beck being a part of it.”

Celia Johnson, Albany Beck associate partner, added: “Being a part of Albany Beck’s continued growth in my home country over the past 18 months, has been a journey of both pride and passion. Spending so much time in Ireland prior to Covid-19, I’ve watched us grow by developing new client relationships, helping them build their teams, hit regulatory commitments and deliver transformational programmes. This new centre will boost our capabilities and I can’t wait to see it in action.”

Since Albany Beck arrived in Ireland it has won several international projects for high profile European financial services clients and is looking to accelerate its growth across the EU from Ireland.

The investment was welcomed by Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar, TD who said: “The decision to expand and base its EU Operations Centre in Ireland is a great vote of confidence in Dublin City and underscores the company’s continued commitment to our country. The 100 new jobs are a real boost. I wish the company all this best with this exciting new chapter.”

Albany Beck are a specialist financial services consultancy with over 170 expert consultants, providing senior SME and junior delivery support across Technology, Risk, Data and Operations to global banking clients.

“Albany Beck’s commitment to Dublin represents an endorsement of the talented workforce available here and is evidence of Dublin’s growing reputation as a great place for financial services companies seeking to access EU markets,” said IDA Ireland CEO Martin Shanahan.

By John Kennedy (john.kennedy3@boi.com)

Published: 12 April 2021

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