UP to 150 jobs in the financial services sector are to be created in Dublin.
The Butterfield Fulcrum Group, an independent fund administration company, , is expanding its operations in Dublin, more than doubling its total workforce to 250.
The new jobs will be in the areas of middle office and customer relationship management.
Making the IDA-supported announcement today, Minister for Jobs Richard Bruton said the news is testament to the excellent skills that are available here.
“International financial services is a key sector targeted in the Government’s plan for jobs and growth, and in the past 18 months we have implemented a number of changes to support expansion and job-creation in this sector.
“Over recent months we have seen some positive announcements in this field, and today’s announcement this leading international company is creating an additional 150 jobs in Dublin is very welcome.
“This is testament not only to the business environment for international financial services which we have created but also to the excellent skills that are available here. The Government will continue to work hard, through the Action Plan for Jobs, on implementing the necessary changes to ensure that we can see further announcements like this in the near future.”
Commenting on the announcement, CEO Glenn Henderson said: “Butterfield Fulcrum has had a very positive experience in Dublin.
“Our experience with the Irish labour market has been phenomenal. Our clients have been very impressed with the calibre of those we have hired in Ireland. Today's expansion is as a result of this success."
Barry O’Leary, CEO of IDA Ireland which is backing the expansion, said: “The expansion of Butterfield Fulcrum in Dublin adds to the established reputation of Ireland as a global centre for fund administration and will enhance Ireland’s profile within the hedge fund industry globally.
“The success and accelerated growth of the company’s Irish operations demonstrates Ireland’s ability to host international financial services companies and provide the highly skilled employees they require for rapid growth.”
Labour Deputy Kevin Humphreys also welcomed the expansion saying: "This is fantastic news for the city and further strengthens Dublin's reputation as the location of choice for the financial services industry.
“The Financial Services sector forms a crucial part of the Government's Action Plan for Jobs, this announcement shows that not only is this plan working, but that Dublin is attracting more investment as companies want to locate where global talent is converging.
"As we continue to implement our plan for jobs and growth, I will continue to work hard so that we can secure even more announcements like this for Dublin. I would like to wish the Butterfield Fulcrum Group continued success in Ireland."