Thursday, 29 January 2015
Last updated 20 min ago
Oct 30 2008 | 8:49am ET
Little more than a year ago, hedge fund administrator Citco Fund Services was planning to expand its operations in Ireland. But the industry downturn has turned those plans upside down.
Instead of adding jobs at its Cork office, Citco will be slashing jobs in Dublin and Cork. The firm told employees in Dublin that it will begin the layoffs next month. Citco employs about 1,000 people on the Emerald Isle.
Last February, Citco announced plans to add 150 jobs to its Cork hedge fund administration operation over the following three years.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…