Deutsche Bank May Quadruple Irish Fund Admin. Operation

Jul 1 2013 | 1:19am ET

Deutsche Bank is poised for a massive build-up of its hedge fund administration business in Ireland.

The German firm plans to set up a huge new administration office in Dublin, adding as many as 1,000 jobs in the city, the Irish Independent reports. Deutsche Bank’s current Irish administration business employs 310 people.

Deutsche Bank, which has had a hedge fund administration office in Dublin since 1998, is looking for a new home for the much larger operation. The Independent reports it is eyeing locations in Dublin’s Docklands area, near the former home of the defunct Anglo-Irish Bank, which was purchased last year by the Irish Central Bank.

IDA Ireland, the county’s industrial development agency, would not say whether or not it was in talks with Deutsche Bank.


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