IE
Company: Northern Trust
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 [...]
Don’t panic: Northern Trust may be cutting, but there are still plenty of funds jobs
Northern Trust’s decision to axe 220 jobs in Dublin as a result its acquisition of Bank of Ireland Securities Services (BOISS) in February is unfortunate, but those taking redundancy will find no shortage of other job opportunities. The redundancies at Northern Trust are down to duplication of roles after the firm completed the BOISS acquisition [...]
The majority of BOISS staff expected to be retained after Northern Trust sale
The vast majority of Bank of Ireland Securities Services (BOISS) staff should breathe easy after the announcement of its €60m sale to Northern Trust today. We understand that the intention is to transfer employees across to the US custody bank. In something of a surprise move, Bank of Ireland has sold its fund administration, custody [...]
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 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 [...]
Private equity fund admin jobs next in line?
First funds, then hedge funds – are private equity fund administration roles next in line for growth in Ireland? Big US players such as Northern Trust have been looking to tap into growing interest in private equity in Ireland – the company said last year that it was setting up a team to serve private [...]
2006: Good year vs. bad year
What was hot and what was not in the Irish financial services industry over the past twelve months? Here’s our considered opinion. Good year Fund industry: Ireland’s fund industry continued to boom. Assets under administration have trebled in the past five years, bringing the total to a gargantuan $1.2 trillion. Pay hasn’t quite trebled, but [...]
Northern Trust takes Limerick
After moving into a new building in Dublin to accommodate new additions to the group, Northern Trust has announced it is setting up a second operation in Limerick. “We are making a multi million euro investment in a growth area of our business and anticipate that this will lead to the creation of up to [...]
Northern Trust pushes deeper into Ireland
Northern Trust is continuing to grow its fund administration business and has moved into a new building to make room for newcomers. Vic Holmes, managing director of Northern Trust Ireland says, “Having additional space also means that we can continue to expand our team and capabilities in Ireland.” A company spokesperson told eFinancialCareers.com,” We’ve grown [...]
Northern Trust and Capita expanding in Dublin
Capita Financial Group is to open a new office in Dublin to provide collective fund administration services, and Northern Trust has set up a private equity fund administration team in the city. Gerry Brady Managing Director of Capita Financial Group in Ireland says the business currently employs a team of four, but expects to ‘significantly’ [...]
Follow eFinancialCareers
What is RSS?
Advice
