LONDON Dec 3 US investment firm Cantor
FitzGerald has acquired Irish stockbroking company
Dolmen, it said on Monday, with plans to create 30 new jobs and
giving a boost to the Irish bourse since the departure of some
of its main listings.
Under the new ownership Dolmen, one of Ireland's largest
independent stockbrokers with a current staff of 90, will become
a primary dealer in Irish government bonds, meaning it will sell
debt to international investors.
"We do plan on becoming a primary dealer in government debt
in Ireland, that is certainly our intent ... our intent is to
become a much bigger fixed income player than Dolmen was,"
Cantor Fitzgerald's chief executive Shawn Matthews told national
CRH, Elan, Greencore and United Drug
have all switched their primary listings from Dublin
following the country's financial malaise, although CRH and Elan
still maintain a secondary listing in Dublin.
The deal for Dolmen, which will create the new jobs over a
two-year period, comes as Ireland's economy continues to rebound
from the financial crisis and pull free from its 85 billion euro
($110.55 billion) EU/IMF bailout programme.
Ireland also welcomed more multinational investment on
Monday as U.S. computer file-sharing firm Dropbox announced
plans to establish its international operation centre in Dublin,
creating between 30 and 40 jobs next year.