Tuesday 24 October 2017

State Street acquires Goldman Sachs fund admin business

STATE has announced the acquisition of Goldman Sachs fund administration business as it increases revenue by 1pc to €23m in the second quarter.

The business employs over 2,000 staff in Ireland in Dublin, Drogheda, Kilkenny and Naas.

It has also acquired the company’s hedge fund administration business.

It is understood that about 40 people employed by Goldman Sachs in Dublin will move to State Street as part of the deal.

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