Expansion of Fund Administration activities in Dublin will bring employment to 250 within 3 years, 6 November 2012
Minister for Jobs, Enterprise and Innovation, Richard Bruton, TD, today announced that Butterfield Fulcrum Group, a leading, independent fund administration company, is to expand its operation in Dublin with the creation of 150 new jobs bringing total employment to 250.
The new jobs will be in the areas of middle office and customer relationship management. Butterfield Fulcrum established in Ireland in 2009 and since then has reached its 100 employee target with projected employment growth now set to reach 250 with today’s announcement. The Irish Government through IDA Ireland has worked with the company to secure this investment.
Making the announcement, Minister Bruton said, “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, Glenn Henderson, CEO of Butterfield Fulcrum 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.”
Welcoming the announcement, Barry O’Leary, CEO of IDA Ireland 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. ‘