An alternative-fund administration company is to create 40 jobs in Dublin, it was announced today.
The new posts at Butterfield Fulcrum are to come on stream over three years at the company's Dublin office, and several key positions have already been recruited.
The Leeson Street office will provide administration services to collective investment schemes domiciled in Ireland or offshore, including valuation services, fund accounting services, transfer agency and share registry.
Announcing the jobs today, Tánaiste Mary Coughlan said they were "continuing evidence that Ireland’s global reputation as a leading location worldwide for international financial services continues to attract high calibre companies".
"Ireland's unique competitive advantages, which include a flexible and highly qualified workforce, a knowledge-based economy and pro-business government policy, maintain this country’s attractiveness for foreign direct investment from all sectors.”
Akshaya Bhargava, Butterfield Fulcrum's CEO, said “Approximately one third of all hedge funds globally are serviced in Ireland. The country’s strong regulatory environment has helped it become the domicile of choice for many new fund launches."
Headquartered in Bermuda, Butterfield Fulcrum services more than 700 funds and has 11 offices in nine countries, including the Bahamas, Bermuda, Cayman, Guernsey, and the United Kingdom.