IE
Tag: Middle Office
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, [...]
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 [...]
Ireland as a centre for Islamic finance (seriously)
It’s a tad ironic, perhaps, that a nation with one of the proportionately largest Roman Catholic populations in the world is turning to Islamic finance for new opportunities. Are Ireland’s ambitions realistic, and what jobs are likely to be created if it succeeds? Any new jobs are still a way off, but the Irish government [...]
Possible job cuts at State Street
Like so many financial services firms these days, the latest quarterly results of State Street didn’t make pretty reading. And it seems that job cuts within Ireland’s largest fund administration employer might be on the cards. State Street has pulled in a fourth quarter income of just $65m, or 71% less than the corresponding period [...]
Pay rises as brakes are applied to Dublin job market
Financial services salaries are on the up in Dublin, but the numbers of jobs and candidates available are falling. The average pay for financial services employees working in the back and middle office rose by €5k to €39.1k, according to the latest figures from recruiters Joslin Rowe. This is up from a €33k average from [...]
Ireland’s wealth a magnet for private bankers
Barclays Capital popped up last year, Swiss firm Helvetia Wealth has already opened a Dublin office this year, Merrill Lynch has expanded, and Goldman Sachs is in talks to set up in Ireland – the US behemoth could create 500 jobs over three years through private banking, wholesale banking and capital markets functions. Conor Walsh, [...]
Overheating finance market drains brains from overseas
An international shortage of financial services talent is creating a brain drain from smaller markets according to one recruiter. “Whenever conditions are strong in Asia, London, or New York, analyst and associate level bankers who are seeking a more international career make the most of the opportunity to move on,” says Victoria Biggs, a consultant [...]
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