IE
Tag: Private Equity
GUEST COMMENT: Why I turned down a role at NAMA
When I returned to Ireland this year, it was after ten years working abroad (latterly in the Middle East) within senior private equity and asset management roles focused on the real estate sector. It was clearly evident that, in terms of volume hiring, the National Asset Management Agency (NAMA) was just about the only gig [...]
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, [...]
Signs that Bank of Ireland is slowly moving away from capital markets
Bank of Ireland has just released its annual report and, compared to the gloom coming out of AIB this week, they look relatively positive. Its annual loss was €950m, down from €1.8bn in 2009, and – in what’s becoming a rare event – there was no mention of further redundancies. Still, from a jobs point [...]
Jon Moulton’s favourite interview questions, and how to answer them
Jon Moulton has told us what he likes to ask candidates in interviews. If you are ever in an interview with Jon and you have read this article, you will therefore be at a substantial advantage. For those of you who have not heard of Jon, he is a very well known private equity investor [...]
Is Irish Life & Permanent now the place to be?
Life is still far from entirely rosy at Irish Life & Permanent, but as the only domestic institution to escape any sort of state ownership, it looks a safer bet than most other banks. Should you therefore be considering a move there? In order to meet the Irish Central Bank’s new capital requirements of 12% [...]
Ireland’s hedge fund administrators are recruiting again
After a spate of redundancies over the last 18 months, the hedge fund administration space in Ireland has undergone a change of fortunes and most major players are looking to add to their ranks again. Hedge fund assets under administration have now swelled to over $2trillion, according to the 2009 Q4 HFN Hedge Fund Administrator [...]
Why Ireland’s financial services industry may soon be thanking Obama
Whisper it, but there’s a chance that Ireland’s financial services industry should be slightly thankful for Barack Obama’s rather populist hard-line stance. As a result of his crackdown on tax havens like Bermuda and the Cayman Islands, a slew of insurance and reinsurance firms are looking to move their legal domicile to Ireland. Now, his [...]
Irish financial services 2008: Good year vs. bad year
Banking bailouts, redundancies and shrinking job opportunities might have led you to believe that the negatives far outweigh the positive aspects of 2008, but there were some bright spots… 2008 WAS A GOOD YEAR FOR… Experience In 2007, the biggest salary hikes in the fund administration space were at the junior end, driven up by [...]
Can investment by the NPRF save banking jobs?
As Irish banks clamour for a reported €10bn in fresh capital, the National Pensions Reserve Fund (NPRF) has been touted as a possible resource to shore up balance sheets. Industry bodies reckon this makes banking jobs (slightly) safer. In recent weeks, the six banks covered by the government guarantee schemes have been linked with sovereign [...]
The pull of private equity
Private equity fund administration is being touted as the sexy alternative to mutual funds, but could sub-prime throw a spanner in the works? The monotonous nature of mutual fund administration is cited as a turn-off to new talent, and private equity fund administration is emerging as a more attractive option. “Private equity is an area [...]
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