Butterfield Fulcrum, a fund administration company, is to increase its workforce in Dublin city centre to 100. The expansion is being supported by IDA Ireland.
The company initially established an operation in Ireland in 2009. At the time it envisaged the creation of 40 jobs, but based on upward projections it now expects to grow its Irish workforce to 100.
The company has recently been taken over by fund industry executives in partnership with BV Investment Partners.
Its current activities undertaken in Dublin include fund administration, business development and compliance. The new jobs will be in fund administration, finance and relationship management.
'International financial services is a sector we must target for ambitious growth if we are to create jobs and grow our way out of our difficulties', commented the Minister for Jobs, Enterprise and Innovation, Richard Bruton.
'We already have substantial investment and presence here from major global companies, and have built up a skill-base and reputation in this sector, but we must build on these strengths to enable more domestic and international firms establish and grow here,' he added.
