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After 5 years working in Ireland’s vibrant fund administration sector, this is how much you will earn as a fund accountant
Ireland’s banks may be making redundancies, but fund administrators continue to create jobs. Last year, there were 1,200 net new jobs added in Ireland’s funds industry according to the Irish Funds Industry Association. Unfortunately, these jobs are not especially well paid. The new salary survey from Robert Walters suggests that even after five years in the [...]
Why there’s no point disputing your bonus if you work for an Irish bank
The Independent reported this a month ago, but the Sunday Times had some more colour at the weekend: after three years of trying and legal fees, the 64 administrative staff at who were disputing their 2008 bonuses, have lost their case. In 2008, the staff concerned were deprived of 75% of their bonuses, even though [...]
Dispute erupts over redundancy payments as it’s claimed that thousands of new financial services jobs were created in Ireland last year
As we’ve noted on several occasions already, Irish banks are trimming their redundancy payments. AIB is rumoured to be paying only three weeks per year of service (down from 8 weeks last year). Ulster Bank is said to be paying 3 weeks. Bank of Ireland is said to be paying 4. Now, however, these reduced [...]
AIB wants people to leave voluntarily (and is cutting the pay of those who don’t), so would you go quietly in this market?
AIB is indeed making another 2,500 people redundant. The Irish Times reports that the bank is splitting the cuts proportionately between its 12,500 staff in Ireland, it’s 2,500 staff in Northern Ireland, and its UK division. Half the cuts are to happen this year. Half are to happen in 2013. Ideally, it wants all these [...]
Not only does AIB appear to be getting rid of 500 more people than originally anticipated, it appears to be paying them exceptionally poor redundancy packages
An announcement on AIB’s redundancies appears to be coming. According to Bloomberg, the number has been upped: AIB will not be letting go of 2,000 people as declared last April, it will be letting go of 2,500. The departures will, apparently, be announced sometime very soon – maybe even this week. The Guardian says the [...]
If you’re Irish and you want to make it big in hedge funds, here’s your role model
Forbes’ ranking of the 40 highest paid hedge fund managers globally is out. Six are situated in Europe: 1. Alan Howard of Brevan Howard ($400m in 2011) 2. David Harding of Winton Capital management ($150m in 2011) 3. Michael Platt of BlueCrest Capital management ($125m in 2011) 4. Yan Huo of Capula Investment management ($100m in 2011) 5. Colm O’Shea of Comac Capital ($100m in [...]
Here are three financial services firms that are probably going to be hiring in Ireland – one of them (BNY Mellon) – substantially
Rumours are rattling around about some potentially massive hiring at Bank of New York Mellon in Ireland. According to the Irish Examiner, BNY Mellon may be looking at operating a central securities depository out of Ireland. And according to Bloomberg, BNY Mellon is looking for a 165,000 square foot headquarters building in Dublin. Something seems to [...]
These are the jobs that CFA Charterholders do in Ireland and these are the financial services firms that employ them
Are you thinking of studying for the CFA Charter? Are you wondering whether the CFA is relevant to your profession and who might employ you when you’ve completed all three exams? The CFA Institute has all the answers. A new tool shows precisely how many people have gained the CFA Charter in each country, and [...]
We understand the Chicago Mercantile Exchange is going to be looking for a lot of technologists in Belfast
Belfast is already well established as a centre for financial technology. Now, another new arrival is seeking to make the most of its expertise. We understand the the Chicago Mercantile Exchange is setting up a big new technology hub in the City and is getting ready to hire. The Belfast Telegraph reported that the CME was [...]
Financial services firms in Ireland are going to have to start paying a lot more for their technology staff
Technology recruitment in Ireland is going through the roof. Google, Facebook and Paypal are expanding in the Republic. Twitter has announced that it is also going to open an office in Dublin. Plenty of other international technology firms are already present in ‘Silicon Alley,’ drawn – of course – by Ireland’s low corporate tax rate. The [...]
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