On an overcast morning in early 2016, the then Irish Taoiseach Enda Kenny opened Credit Suisse’s new trading floor in Dublin and declared that the city had joined “a small club of trading locations worldwide”.
The office would serve as the trading hub for the Swiss bank’s global prime broking division, a business that helps grease the wheels of hedge fund clients by lending them money and stock to execute trades.
But almost six years later, hopes that Dublin could grow into a significant outpost in the bank’s global operations have evaporated.
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