Tuesday 17 October 2017

US financial tech firm to create 30 new jobs

Barry O'Leary, CEO of the IDA. Photo: Tom Burke
Barry O'Leary, CEO of the IDA. Photo: Tom Burke
Sarah McCabe

Sarah McCabe

FINANCIAL technology firm Charles River has opened a new office in Dublin, creating 30 jobs.

The US-headquartered company said it was attracted by Dublin's reputation for strong technical skills. Recruitment for the 30 new jobs has already begun.

It joins a booming financial tech sector in Ireland. Other similar firms with Irish operations include Newry-based First Derivatives, the London-listed company founded by Brian Conlon, which made £34.4m in the six months to August.

Like First Derivatives, Massachusetts-based Charles River provides technology solutions to investment institutions. It targets front and middle-office processes, and works with 350 investment clients in 43 countries in fields like fund management, private wealth, alternative investments, insurance, banking and pensions. The firm employs 600 people in New York, London, Paris, Melbourne, Tokyo, Singapore, Beijing, Hong Kong and other global financial centres.

"Dublin's reputation for a strong technical workforce makes it an ideal location for expanding our managed services team," said managing director Tom Driscoll.

IDA Ireland chief executive Barry O'Leary said the decision was evidence that Ireland is well positioned for the coming boom in financial technology.

Irish Independent

Also in Business