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Credit Suisse opens trading floor in Dublin
(Pictured (l to r) Matheson partners; Tim Scanlon and Joe Beashel)
Matheson partners Tim Scanlon, Head of Corporate, and Joe Beashel, Head of Regulatory Risk Management joined The Taoiseach, Mr Enda Kenny TD today for the official opening of the first Credit Suisse trading floor in Dublin.
Matheson advised Credit Suisse on this establishment including its authorisation by the Central Bank of Ireland in December 2015. This was the first time that the Central Bank authorised a branch from outside the EU, in this case Switzerland. The new branch will operate key parts of the Credit Suisse Prime Services business which provides services to hedge funds, sovereign entities, banks, insurance companies and other non-bank financial institutions.
The Taoiseach says this branch opening “represents a strong endorsement of Ireland’s reputation as a leading location for international financial services”.
Minister of Finance Michael Noonan added that the Government sees this as “an important step in the IFS 2020 strategy”.
Assisting international financial institutions, such as Credit Suisse, establish in Ireland is a key strategic focus for Matheson and we are delighted to have been able to assist in this important project. We wish Credit Suisse every success in the future.
Read the full IDA press release.