Deutsche Bank To Locate Hedge Fund Center Of Excellence In Dublin

May 19 2011 | 1:26pm ET

Deutsche Bank is moving its European hedge fund administration operation to Dublin, Ireland.

The German bank plans to create a center of excellence for hedge funds, moving between 75 and 100 employees to the Irish capital with significant expansion planned for the next three to five years.

The office will be based in the city’s International Financial Services Center. According to the Irish Independent newspaper, it will bring employment in the funds industry in Ireland to over 12,000.

The Deutsche Centre of Excellence will service both onshore and offshore funds, meaning they will not necessarily be domiciled in Ireland.

Deutsche Bank joins international firms like StateStreet, Citi and Bank of New York Mellon, which each employ about 2,000 people in Ireland.


In Depth

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...