Micheál Martin (Cork South-Central, Fianna Fail) | Oireachtas source

The Ministers is not here. However, I will raise this issue with him. I can well recall there was a determined attempt nearly two decades ago to create a financial services presence, hub and footprint in the south east, in particular in Waterford, Wexford and Kilkenny. State Street opened in Kilkenny. To a certain extent that got traction. It is disappointing that BNY has made the decision it has made. I was not involved in the discussions between the IDA and the company. The company generally tends to make these decisions itself. It may be to do with trends within the company or particular issues. However, I will talk to the Minister in respect of the employees. We will certainly do everything we can to get further financial services investment into Wexford. We will also see whether we can help the employees to secure alternative employment either through Enterprise Ireland companies or through further investments via the IDA.

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