Confluence, a provider of automated investment data management solutions, is expanding in the global fund industry by opening an office in Dublin City’s Silicon Docks area.
Confluence already has offices in London and Luxembourg, where the company has served the European asset management industry since 2006.
Skip Smith, chief operating officer of Confluence, said the global fund industry’s appetite for data consolidation and automation solutions is increasing.
"The Dublin office is part of our strategic plan to meet the rising needs of back office professionals," Smith said.
"Our goal is to support asset managers and service providers as they look to solve the complex data-management challenges associated with regulatory issues, and other cross-border reporting challenges."
Smith added Ireland is a financial gateway to the global fund industry and it was a natural next step for Confluence to open an office in one of the international fund jurisdictions.
"The Irish funds industry supports an innovative business environment within a renowned regulatory landscape and Ireland’s status as an international hub for the funds industry is deserved," said Smith.
Led by Sal Pent, Confluence currently has a team of four that is supporting its expansion into Dublin and will be adding to that team in due course, the company said.
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