State Street Corporation has announced the opening of its new Irish headquarters in Dublin. By the end of this year, the new 165,000 square foot building, located at 78 Sir John Rogerson’s Quay, will house more than 1,100 State Street employees across its global services and alternative investment solutions businesses.

Jay Hooley, chief executive officer of State Street, who assumed leadership for the company this week, presided over the opening events in Dublin.

“The opening of this new building is an example of our expanding footprint in Europe and our strong commitment to Ireland,” said Mr. Hooley. “We are continually broadening our service offerings and developing solutions that are uniquely suited to the needs of our clients. The Irish offshore fund administration market holds continued opportunities for growth, and will remain a key component in State Street’s goal to increase its non-US revenue.”

“Over the last 14 years, we have expanded significantly in Ireland through a combination of organic growth and acquisitions,” said William Slattery, executive vice president and country head of State Street in Ireland. “We have built a reputation for excellence based on our combination of local presence, global expertise and for employing the most highly qualified professionals in the country.”