Fidelity Investments will open a research and development facility in Galway, Ireland manned by 49 professionals who will collaborate with a dozen professors at local universities, the Boston Globe reports. They will join the 300 people who already work in Galway and Dublin in fund administration.

“The quality of the Irish work force, the success of our existing Irish operations and the world-class research carried out in the Irish universities were key factors in our decision to expand in Ireland,” said Paul Murtagh, managing director of the Fidelity technology group in Ireland.

Ireland has been pushing to attract research and development business in recent years because of its high pay. In fact, Ireland’s Investment and Development Agency said it offered incentives to Fidelity, although it declined to specify what they were.

The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.

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