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

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of