A global hedge fund administrator is to expand its Irish operations with the creation of an additional 300 jobs in Dublin.
HedgeServ currently manages more than $130 billion (€93.4 billion) of client assets, and employs 425 staff at offices in Dublin, London, New York, Chicago, and Grand Cayman.
The company has increased its Irish workforce by 150 over the past 12 months alone, and now employs 230 people at its office in St Stephen's Green.
Chairman and co-founder Jim Kelly said: “HedgeServ’s growth in Dublin has exceeded all expectations and we are delighted to have been able to hire an additional 150 staff over the last 12 months.
“Our fast-paced development in Dublin reflects our commitment to answering the global demand for HedgeServ’s innovative, high-quality fund administration services,” he said.
The company, which was established in Dublin three years ago, has been recruiting aggressively in Ireland over the past 12 months.
Minister for Jobs, Enterprise and Innovation, Richard Bruton described the announcement as “an excellent vote of confidence in our strengths”.
IDA chief executive Barry O’Leary said: “The international financial services sector in Ireland continues to go from strength to strength.”
“HedgeServ is a premier example of that strength. HedgeServ commenced operations in Dublin two years ago and in that time has entered an elite group of the largest fund administrators serving the alternative investment industry,” he added.
