LONDON (Reuters) - International executive search firm Odgers Berndtson is opening an office in Dublin as companies set up businesses or add staff in the Irish capital following Britain’s decision to leave the European Union.
A number of firms have said they plan to expand or open subsidiaries in Dublin if Britain does not retain access to the single market, including insurer XL (XL.N) and asset manager Legg Mason (LM.N), though the city is competing with other centres for such business, including Frankfurt and Luxembourg.
“The growth of our business depends on being able to provide a high level of support to major global clients as they address some very significant challenges posed by Brexit,” said Odgers Berndtson’s chief executive, Kester Scrope.
Use of the English language and high levels of education were among the attractions of Ireland and the Irish workforce, Charlie Thompson, a partner in the financial services practice at Odgers Berndtson, told Reuters.
Odgers Berndtson has 56 offices in 28 countries following the Dublin opening.
Reporting by Carolyn CohnEditing by Greg Mahlich