IE
Company: Citi
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 [...]
Ireland’s funds firms are fighting over transfer agents
As a largely administrative back office function in asset management, transfer agency isn’t renowned for being the most dynamic of career paths. However, a lack of experience in the Irish market, combined with an “aggressive” demand for their services, is driving salaries up to relatively high levels in the managerial ranks. The likes of Citi [...]
Are Citi and JP Morgan really particularly safe places to be in Ireland?
If you’ve been following announcements of swathing redundancies within international investment banks over the last month, you’ll have seen two notable absentees from the carnage – JP Morgan and Citi. Both have significant operations in Ireland, but are these entirely safe? JP Morgan doesn’t expect job cuts in its investment bank, while Citi is believed [...]
Would you take a passage to India?
Credit Suisse has unveiled plans to double staff numbers in India and isn’t the only bank upping staff numbers in the region – Swiss rival UBS is also looking to double its Indian headcount and the likes of Merrill Lynch and Citi are also building their business on the subcontinent. M&A deals in India are [...]
Citi creates another 145 jobs in Belfast
Citi will employ 850 people in its Belfast technology centre after announcing the creation of another 145 jobs. It’s the latest of a series of financial IT firms setting up north of the border, and raises questions about whether the Northern Irish capital has enough talent to support the growth. Invest Northern Ireland has injected [...]
AIB cancels its graduate intake for 2008
Allied Irish Bank (AIB) has cancelled its graduate intake for 2008, as the outlook for Irish banks looks increasingly bleak. The graduate development programme for students who would have started in September has been “postponed”, with the bank citing a “changing landscape” as the reason. A spokesperson says: “Lower growth expectations has meant the number [...]
Irish firms grab graduates
It’s no secret that the number of jobs being created in Irish financial services cannot be filled by the current crop of talent in Dublin. Firms have looked to both foreign shores to attract people as well as offering non-cash incentives like flexitime. Graduates can capitalise on this. Paul Cotter, managing director at recruitment firm [...]
The wonders of working for an admin boutique
As buyout fever hits the hedge fund administration space, should Irish workers opt for the behemoths or the boutiques? Within hedge fund administration, the big investment banks are gobbling up the mid-sized players. “We are rapidly losing the middle ground,” says Denise Valentine, author of US-based consultancy Aite Group’s report on ‘mega-merger mania’. State Street [...]
Citi cuts – more myth than reality?
Rumour has it that Citibank is on the verge of cutting tens of thousands of jobs. But Irish employees should avoid the axe. A spokeswoman for the bank tells us reports that Citi is gearing up for making 15,000 (or more) job cuts following a review of its cost base are totally unfounded. She adds [...]
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