While other hedge fund servicing firms are scaling back their presence in Ireland due to the financial crisis, GlobeOp Financial Services has expanded to the Emerald Isle.
The hedge fund administrator has won regulatory approval for its new Dublin office, headed by Jim Casey, the firm’s global head of investor relations. The new office offers fund accounting and reporting, share registry and transfer agency, and investor communications.
“Ireland is a strategically important administrative center for European-domiciled funds,” Casey explained. “Despite market turbulence this past year, the European funds sector continues to develop its long-term potential.”
In addition to GlobeOp’s new Dublin digs, the firm has offices in the U.S. and the Cayman Islands, having opened a new “hurricane-proof” office in the latter earlier this year.