Demand for 'Irish regulated' funds sees Dublin firm create 50 jobs

Demand for 'Irish regulated' funds sees Dublin firm create 50 jobs

An offshore investment company is to double its workforce in Ireland with the creation of 50 jobs, it has announced.

DMS already employs 50 people at its European operations centre in Dublin.

The company, which announced a major expansion two years ago, said it was expanding again because of the demand for "Irish regulated" funds.

DMS said the Dublin office will be its largest after the Cayman Islands.

It also has offices in New York, Sao Paulo, London, Luxembourg and Hong Kong.

Derek Delaney, managing director of DMS Europe, said: "We had anticipated that the 50 jobs announced two years ago would take us to the end of 2017, however demand for Irish regulated funds has increased significantly in the interim and DMS are both fortunate and proud to be recognised as the standard bearer for provision of management company services to US, UK, European, Asian and other investment managers since coming to the European market."

Mr Delaney credited the expansion to his staff, professional partners and the Central Bank and Irish regulations governing funds, which he said "are both clear and transparent in a manner that is refreshing to the international market."

Jobs Minister Mary Mitchell O'Connor commended DMS on the jobs announcement.

"I believe only a strong economy supporting people at work can pay for the services needed to create a fair society," she added.

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