Butterfield Fulcrum to create 40 new jobs in Dublin
Tuesday September 29 2009
A number of key positions have already been recruited. The Government through IDA Ireland worked closely with the company to attract this investment to Ireland.
The Dublin office will provide administration services to collective investment schemes either domiciled in Ireland or Offshore, including valuation services, fund accounting services, transfer agency and share registry.
The announcement follows the Dublin operation - Butterfield Fulcrum Group (Ireland) Limited – being licensed to provide Fund Administration services by the Irish Financial Services Regulatory Authority.
It is now authorised to provide the new services under Section 10 of the Investment Intermediaries Act to Irish authorised funds both UCITS (Undertakings for Collective Investments in Transferable Securities, within the meaning of the European Union Regulations) and Non-UCITS.
Making the announcement, Tánaiste Mary Coughlan said: “These developments at Butterfield Fulcrum are continuing evidence that Ireland’s global reputation as a leading location worldwide for international financial services continues to attract high calibre companies who are developing their international business.
"Ireland's unique competitive advantages, which include a flexible and highly qualified workforce, a knowledge-based economy and pro-business government policy, maintain this country’s attractiveness for foreign direct investment from all sectors, including international financial services.”
“Ireland having a central position in Europe has helped us to attract such high calibre investments from leading global companies in recent years.
"Approval for the Lisbon Treaty will further enhance Ireland’s position as a leading location in Europe for foreign direct investment from all industry and business sectors,” added the Tánaiste.
