Irish-based fund firms to add 700 jobs

MORE than 700 jobs will be created this year at Irish-based fund services companies.

According to the Irish Funds Industry Association (IFIA), in addition to this Deutsche Bank will create around 100 jobs by moving its European hedge fund administration to Dublin, while Apex Fund Services Ireland is to hire 50 people.

Funds under administration in Ireland rose 34% to an all-time high of €1.87 trillion last year.