DMS Governance has chosen Dublin for its largest operation outside of the Cayman Islands, with expanding operations and 50 finance roles complementing its new “bespoke” office.
Providing various technological solutions in the fund governance sector, DMS’s expansion here will see the company double its workforce in Ireland to 100.
New staff in risk, trade execution, verification, settlement, investment management support and governance roles are now being sought by the company.
In what is the company’s second jobs announcement in two years, a spike in demand has seen DMS bring forward its hiring plans by 18 months.
Through its Irish office, DMS pins its success down to having “the best staff in the European marketplace”, according o Derek Delaney, MD of the company’s European operations.
“The Central Bank of Ireland and the Irish regulations governing Irish funds are both clear and transparent in a manner that is refreshing to the international market.”
DMS established its presence in Dublin in 2008 to provide fund governance services to fund promoters.
Earlier today, consultancy firm TLM opened a European HQ in Dundalk, with the New York-based company bringing a dozen jobs to the town.
TLM’s new Louth office will provide project management consultancy on data centre projects throughout Europe, giving the company a firm foothold in the EU.
The 12 roles made available will be in project management positions, with recruitment of engineers already underway.
Financial services hub
However, DMS’s decision to expand in Dublin appears part of a larger trend in financial services, with Ireland’s role as a hub for the entire sector becoming more apparent.
“One of my priorities is creating an environment where job growth can thrive,” said Minister for JobsMary Mitchell O’Connor, TD.
“I believe only a strong economy supporting people at work can pay for the services needed to create a fair society. I wish the DMS team every success in their new offices.”
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Main image of Dublin’s financial services buildings via UTBP/Shutterstock