IE
Company: BNY Mellon
HedgeServ is creating 300 new jobs in Dublin (and other reasons for optimism about job prospects in Ireland’s funds industry)
Competition for staff in Ireland’s hedge fund administration sector was already stiff, but it’s about to get tougher – HedgeServ is planning on recruiting another 300 people in Dublin. HedgeServ has already been relatively aggressive in expanding its Irish operation, having recruited over 150 people over the last 12 months, and has unveiled plans to [...]
Q&A: BNY Mellon’s head of fund servicing in Ireland explains why there’s no substitute for hard work
Rachel Turner, heads up BNY Mellon’s fund servicing team in Ireland, and argues that while the virtues of a traditional accountant can’t be undervalued, it takes more than that to make it up the career ladder in fund administration. This is Rachel: And, in the first of a series of interviews with senior figures in [...]
It seems likely that Ireland will escape BNY Mellon’s global redundancy plan
Considering all the talk about growth at BNY Mellon’s Irish operation, it seems unlikely that the 1,500 global redundancies announced by the firm would hit here. It hasn’t been ruled out, however. BNY Mellon yesterday revealed that it was cutting 1,500 people – or 3% of its 48,900-strong workforce – and rolling out a hiring [...]
The new hot skill-set: ETF fund accounting
The European exchange-traded funds (ETF) market was one of the growth stories of 2010. In the City of London, the existing players (and some new kids on the block) were all looking to gain a bigger slice of the market and poaching relatively scarce talent away from one another. But Ireland has also benefited from [...]
Irish financial services: What was hot, and what was not, in 2010?
With the Irish government eventually accepting a humbling €85bn rescue package from the EU-IMF in November to support its stricken banking sector, it’s safe to say that – generally speaking – 2010 has been something of a bleak year. Employment prospects now look decidedly shakier in the domestic institutions, leading some to make broad brush [...]
Fund accounting – one reason to stay in Ireland
If rumours are to be believed, Irish financial services professionals are leaving the country in their droves to pursue opportunities in more buoyant markets. But is this really the case, and is their an argument (from a career perspective) for staying put? As we’ve alluded to before, accountants – with their internationally recognised qualifications – [...]
The ‘Newcits’ jobs boom for Ireland’s fund administrators
The administrative burden of the increasingly popular Ucits funds being rolled out by European hedge funds (often termed ‘Newcits’ because they replace existing strategies) means firms in Ireland are being required to staff up. Ireland’s fund administrators have reasons to be thankful for the impending EU-driven Alternative Investment Fund Management Directive. Ucits, European funds called [...]
Ireland’s hedge fund administrators are recruiting again
After a spate of redundancies over the last 18 months, the hedge fund administration space in Ireland has undergone a change of fortunes and most major players are looking to add to their ranks again. Hedge fund assets under administration have now swelled to over $2trillion, according to the 2009 Q4 HFN Hedge Fund Administrator [...]
Poles depart?
Is Poland about to make a bid for Ireland’s fund admin crown – and are the Poles in Ireland’s fund admin industry about to go home? Well, maybe not, but the new full EU-wide fund management passport could increase Poland’s standing as a fund admin centre. Speaking to the Financial Times last week, Harley Murphy, [...]
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