Menu
17/09/2010
Jobs 'Hedged' In Dublin Move
An American firm is to create 50 jobs in hedge fund administration in Dublin.
The Minister for Enterprise, Trade and Innovation, Batt O'Keeffe announced the new jobs in a financial services software firm that will be created over the next five years.
US-based Fi-Tek is establishing its European headquarters and customer support operation in the Irish capital to provide client support for the HedgeTek software product which is used by leading hedge fund administrators, accounting firms and fund managers.
The investment is being supported by the Government through IDA Ireland.
Fi-Tek supplies products and services for the alternative investments, trust, asset servicing and securities processing industries.
Minister O'Keeffe described the investment as significant for Ireland’s financial services sector: "Ireland is the largest hedge fund administration centre in the world with almost half of all global alternative investment funds operated from here.
"Fi-Tek's decision to establish a European headquarters in Dublin shows we can out-perform rival locations for major global investments in the financial services sector.
"More than half the world's leading financial services firms now have operations in Ireland," he continued.
The Managing Director of Fi-Tek Ireland, Peter Marshall, said: "We are very happy to establish this important part of our international business in Dublin.
"Ireland's pro-business environment, availability of highly skilled personnel, the presence of many of our clients and working with IDA Ireland were the key reasons Ireland was chosen as the location for our European headquarters."
The Chief Executive of IDA Ireland, Barry O'Leary, also welcomed the announcement: "Fi-Tek adds to Ireland's growing reputation for financial services technology which is a key target for IDA Ireland.
"We look forward to working closely with the company as it develops its international presence in Ireland over time."
(BMcC/KMcA)
The Minister for Enterprise, Trade and Innovation, Batt O'Keeffe announced the new jobs in a financial services software firm that will be created over the next five years.
US-based Fi-Tek is establishing its European headquarters and customer support operation in the Irish capital to provide client support for the HedgeTek software product which is used by leading hedge fund administrators, accounting firms and fund managers.
The investment is being supported by the Government through IDA Ireland.
Fi-Tek supplies products and services for the alternative investments, trust, asset servicing and securities processing industries.
Minister O'Keeffe described the investment as significant for Ireland’s financial services sector: "Ireland is the largest hedge fund administration centre in the world with almost half of all global alternative investment funds operated from here.
"Fi-Tek's decision to establish a European headquarters in Dublin shows we can out-perform rival locations for major global investments in the financial services sector.
"More than half the world's leading financial services firms now have operations in Ireland," he continued.
The Managing Director of Fi-Tek Ireland, Peter Marshall, said: "We are very happy to establish this important part of our international business in Dublin.
"Ireland's pro-business environment, availability of highly skilled personnel, the presence of many of our clients and working with IDA Ireland were the key reasons Ireland was chosen as the location for our European headquarters."
The Chief Executive of IDA Ireland, Barry O'Leary, also welcomed the announcement: "Fi-Tek adds to Ireland's growing reputation for financial services technology which is a key target for IDA Ireland.
"We look forward to working closely with the company as it develops its international presence in Ireland over time."
(BMcC/KMcA)
Related Irish News Stories
Click here for the latest headlines.
21 May 2015
Calypso Technology Offices In Dublin Open
The new Dublin offices of Calypso Technology have officially opened. Located in the IFSC, the new Managed Services Centre will cater for the recruitment of 150 skilled positions to manage end-to-end client services in the area of Capital Markets.
Calypso Technology Offices In Dublin Open
The new Dublin offices of Calypso Technology have officially opened. Located in the IFSC, the new Managed Services Centre will cater for the recruitment of 150 skilled positions to manage end-to-end client services in the area of Capital Markets.
28 August 2013
Financial Ombudsman Given Name And Shame Powers
New powers have been given to the Financial Services Ombudsman to name and shame financial institutions with three or more complaints made against them. Minister for Finance Micheal Noonan signed the new powers into force today, which commences section 72 of the Central Bank (Supervision and Enforcement) Act 2013.
Financial Ombudsman Given Name And Shame Powers
New powers have been given to the Financial Services Ombudsman to name and shame financial institutions with three or more complaints made against them. Minister for Finance Micheal Noonan signed the new powers into force today, which commences section 72 of the Central Bank (Supervision and Enforcement) Act 2013.
27 January 2011
Green Financial Services May Create 7,000 Jobs
The current Taoiseach, Brian Cowen, has announced he believes new 'green' financial services could produce 7,000 jobs and "put Ireland at the heart of green business". According to Mr Cowen today, the Green International Financial Services Centre (IFSC) will target environmentally related financial services bringing employment and revenue.
Green Financial Services May Create 7,000 Jobs
The current Taoiseach, Brian Cowen, has announced he believes new 'green' financial services could produce 7,000 jobs and "put Ireland at the heart of green business". According to Mr Cowen today, the Green International Financial Services Centre (IFSC) will target environmentally related financial services bringing employment and revenue.
27 May 2016
New Enterprise Ireland Competitive Start Fund Launched
A new €500,000 Enterprise Ireland Competitive Start Fund (CSF) to stimulate start-up activity in the Financial Technologies (FinTech) sector has been announced by the Minister for Jobs, Enterprise and Innovation, Mary Mitchell O'Connor.
New Enterprise Ireland Competitive Start Fund Launched
A new €500,000 Enterprise Ireland Competitive Start Fund (CSF) to stimulate start-up activity in the Financial Technologies (FinTech) sector has been announced by the Minister for Jobs, Enterprise and Innovation, Mary Mitchell O'Connor.
07 December 2011
Stamp Duty Fall Welcomed By Dublin Chamber
The Dublin Chamber has hailed the Budget's reduction in commercial stamp duty, together with other measures to promote stability and demand, as a much-needed stimulus to the moribund commercial property market in Dublin.
Stamp Duty Fall Welcomed By Dublin Chamber
The Dublin Chamber has hailed the Budget's reduction in commercial stamp duty, together with other measures to promote stability and demand, as a much-needed stimulus to the moribund commercial property market in Dublin.
-
Ireland WeatherToday:Scattered showers of rain, sleet and, over hills, snow in the morning with sunny spells, the best of these in the south. The showers dying out this afternoon with increasing amounts of sunshine. Occasionally fresh westerly or northwesterly winds easing. Maximum temperature 6 °C.Tonight:Clear start with a fairly widespread frost developing. Increasing cloud brings occasionally heavy rain overnight, preceded, especially over western hills, briefly by snow. Occasional southeasterly gales, severe near coasts, developing. Minimum temperature -2 °C.
