IE
Sector: Global custody
Could it be? A sector with bigger bonuses, rising salaries and prolific job creation
If job creation has been positive within Ireland’s funds industry in 2011, the next six months look set to be even better – 1,000 new roles have been predicted. What’s more pay is on the up and companies are even paying (whisper it) bonuses. Is all this too good to be true? Recruiters Marks Sattin’s [...]
A new wave of fear is impacting Irish financial services recruitment
Ireland’s domestic banks have their own problems, but the trading-related losses spurring redundancies in investment banks in Europe, Asia and the US should, in theory, seem a world away for most financial services professionals locally. Unfortunately, the international problems are starting to hit home. Recruitment in Ireland’s financial services industry is in the unfortunate position [...]
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 [...]
How the AIFM Directive is creating jobs in Ireland’s funds industry
If you’re working in, or around, Ireland’s fund administration sector, you have reason to thank five-letter acronyms for improving your prospects. Last year it was UCITS spurring job creation, whereas in 2011 the Alternative Investment Fund Managers Directive (or AIFMD) is likely to drive expansion. The AIFMD is essentially a reaction to the financial crisis, [...]
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 [...]
CAREER DILEMMAS: Hedge fund admin is so boring I’ve resigned in order to get a job in technology. Was this a bad idea?
By Monday 22nd August, I will officially be unemployed. Unlike the many people facing redundancy within the banking sector, my new-found status will be entirely self-inflicted. For four years, I’ve been working as a senior trade administrator in Dublin, but as I’m based in Bettystown, this has involved spending half my life commuting on a [...]
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 [...]
Where, exactly, will these 10,000 new IFSC jobs be?
As far as barnstorming announcements go, this was a pretty big one – the government wants to create 10,000 new jobs in the IFSC over the next five years. One of the first questions to ask is whether there’s a big enough skills-base locally for this sizable expansion plan. After all, a large proportion of [...]
Reasons to believe quants are becoming the new hot property in Dublin
BNY Mellon’s decision to create 50 new funds jobs in Dublin is reflective of a wider recruitment trend in the sector around the pricing and clearing of derivative products. The likes of BNY Mellon, HSBC, State Street and BNP Paribas are all creating asset servicing jobs around derivative products, according to various recruitment sources. In [...]
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