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26/10/2011
Administrator To Create 300 Jobs
In a significant boost to Ireland’s job sector a hedge fund administrator has announced that they will create hundreds of jobs.
HedgeServ has revealed that it is on track for continued growth in Ireland with the announcement of an additional 300 jobs into the future.
Minister for Jobs, Enterprise and Innovation, Richard Bruton today welcomed the continued commitment by HedgeServ, a top ranked global hedge fund administrator, to its Irish operations.
The company, located on St. Stephen’s Green, has increased its workforce by an additional 150 people over the last 12 months, bringing its workforce in Ireland to 230.
Minister Bruton said: "Today’s announcement is great news for Ireland and an excellent vote of confidence in our strengths.
"Jobs are at the very top of this government’s agenda, and I am determined to do everything possible to achieve the job-creation we so badly need. This means setting highly ambitious targets and undertaking radical change in order to achieve them. It also means targeting sectors where Ireland has advantages, including international financial services."
Jim Kelly, Chairman and Co-Founder of HedgeServ said:"HedgeServ’s growth in Dublin has exceeded all expectations and we are delighted to have been able to hire an additional 150 staff over the last 12 months. Our fast-paced development in Dublin reflects our commitment to answering the global demand for HedgeServ’s innovative, high-quality fund administration services."
Meanwhile talking about the company’s background Barry O’Leary, CEO of IDA Ireland said: "HedgeServ commenced operations in Dublin two years ago and in that time has entered an elite group of the largest fund administrators serving the alternative investment industry. It is exciting to witness the fast growth of this company, which has quickly established itself as a leader in alternative fund administration."
HedgeServ has redefined hedge fund administration by delivering client service expertise and innovative technology solutions. The company currently services over $130 billion of client assets under administration and has over 425 employees globally with offices in Dublin, London, New York, Chicago, and Grand Cayman.
(LB)
HedgeServ has revealed that it is on track for continued growth in Ireland with the announcement of an additional 300 jobs into the future.
Minister for Jobs, Enterprise and Innovation, Richard Bruton today welcomed the continued commitment by HedgeServ, a top ranked global hedge fund administrator, to its Irish operations.
The company, located on St. Stephen’s Green, has increased its workforce by an additional 150 people over the last 12 months, bringing its workforce in Ireland to 230.
Minister Bruton said: "Today’s announcement is great news for Ireland and an excellent vote of confidence in our strengths.
"Jobs are at the very top of this government’s agenda, and I am determined to do everything possible to achieve the job-creation we so badly need. This means setting highly ambitious targets and undertaking radical change in order to achieve them. It also means targeting sectors where Ireland has advantages, including international financial services."
Jim Kelly, Chairman and Co-Founder of HedgeServ said:"HedgeServ’s growth in Dublin has exceeded all expectations and we are delighted to have been able to hire an additional 150 staff over the last 12 months. Our fast-paced development in Dublin reflects our commitment to answering the global demand for HedgeServ’s innovative, high-quality fund administration services."
Meanwhile talking about the company’s background Barry O’Leary, CEO of IDA Ireland said: "HedgeServ commenced operations in Dublin two years ago and in that time has entered an elite group of the largest fund administrators serving the alternative investment industry. It is exciting to witness the fast growth of this company, which has quickly established itself as a leader in alternative fund administration."
HedgeServ has redefined hedge fund administration by delivering client service expertise and innovative technology solutions. The company currently services over $130 billion of client assets under administration and has over 425 employees globally with offices in Dublin, London, New York, Chicago, and Grand Cayman.
(LB)
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