Credit Suisse is opening its first trading floor in Dublin today, which will create around 100 new jobs.

The bank said that the new jobs will include positions for 40 trading, risk and capital professionals, as well as 60 support roles.

Credit Suisse plans to operate several aspects of its ‘Prime Services’ business out of the trading floor, including prime brokerage, prime financing and securities lending.

The Dublin operation will handle the trading, capital and risk management for the business, while its salespeople and relationship managers will remain in London due to client proximity.

The opening of the Credit Suisse AG Dublin Branch follows the Central Bank of Ireland’s announcement in December that it had authorised the bank to establish a branch in Ireland. The branch will be located at Kilmore House in Spencer Dock, in Dublin’s IFSC district.

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Tim O’Hara, CEO of global markets with Credit Suisse said: “This marks a first for Ireland and for Credit Suisse. The broad talent pool and efficiencies that the capital city has to offer made the decision to deploy operations in Dublin an easy one.

“We have long admired Ireland’s commitment to and vision for the country’s future as a European financial services centre and we are excited to establish our Prime Services business here.”