Daiwa plans 300 jobs in Ireland:

Daiwa Securities Group, Japan’s second largest securities firm, is to establish an operation in Dundalk, Ireland. The facility is located at IDA Ireland’s Finnabair Business Park, where 300 high-calibre financial services jobs will be created over five years. The company is already present in Dublin.


Providence expands in Asia:

US-based investment group Providence Equity Partners plans to create new offices in Hong Kong, China and New Delhi, India. Andrew Rickards, who is due to head up the Hong Kong office, said: “Providence has been active in Asia for some time. It feels now is an opportune time to formally establish offices in Hong Kong and India.”

PayPal moves into Chennai:

Californian online payment company PayPal said it would open a development centre in Chennai, India, and planned to recruit hundreds of technical staff this year. “The setting up of PayPal’s India Development Centre is validation of India’s frontrunner status in the global IT scenario,” said Shri Dayanidhi Maran, minister for communications and IT.

Carlyle enters Middle East:

Private equity firm the Carlyle Group, headquartered in Washington, DC, has announced that it has established offices in the Middle East and North Africa (MENA) region. From offices in Cairo, Dubai and Istanbul, Carlyle’s MENA team will invest primarily in healthy, growing companies.

BNP Paribas opens DC branch:

French banker and financial services provider BNP Paribas has opened a private wealth management branch in Washington, DC. Seno Bril, chairman of BNP Paribas Investment Services, said: “This new office will allow us to add service to a number of European clients who use the nation’s capital as their hub in the US.”

Butterfield establishes Swiss subsidiary:

Bermuda-based Butterfield Bank has entered the Swiss private banking market with the establishment of a new subsidiary in Zurich.