Further to establishing an operation in Dublin in 2009, fund administration company Butterfield Fulcrum is to create 60 more jobs than previously planned, to bring its workforce here up to 100.
The company has recently been taken over by leading fund industry executives in partnership with BV Investment Partners. Current activities undertaken in Dublin include fund administration, business development and compliance. The new jobs will be in fund administration, finance and relationship management.
“International financial services is a sector we must target for ambitious growth if we are to create jobs and grow our way out of our difficulties. We already have substantial investment and presence here from major global companies, and have built up a skill base and reputation in this sector, but we must build on these strengths to enable more domestic and international firms to establish and grow here,” said Minister for Jobs, Enterprise and Innovation Richard Bruton, TD.
Glenn Henderson, CEO of Butterfield Fulcrum, said its current expansion in Ireland was “in no small part due to the availability of a highly talented workforce”.
The investment is supported by the IDA Ireland. “Ireland’s international financial services sector is an integral part of Ireland’s foreign direct investment portfolio and today’s announcement of Butterfield Fulcrum’s expansion will further enhance Ireland’s profile within the hedge fund industry globally,” said Barry O’Leary, CEO of IDA Ireland.
“Ireland is a key strategic location for the hedge fund industry and further growth in this sector is expected.”
Photo: Glenn Henderson, CEO Butterfield Fulcrum with Karen Cameron assistant managing director and compliance officer of Butterfield Fulcrum and Minister for Jobs, Enterprise and Innovation, Richard Bruton, TD.