Hedge fund administrator Apex Fund Services is opening a second office in Ireland.
The firm, which has $14.2 billion in assets under administration, plans to staff the Dublin office with 50 people over the next 18 months. The move comes four years after Apex opened an office in Cork.
"Despite the global financial crisis, our Cork office has performed spectacularly well and has given Apex a healthy share of the Irish fund administration market," group managing director Peter Hughes said. The Dublin office was the "obvious next step."
Opening a base in Dublin gives Apex 21 offices around the world.