Financial sector creates jobs

SOME 1,000 jobs are expected to be generated in the Irish funds industry by the end of 2011 on the back of the country increasing its status as a major funds location.

Last year saw 430 jobs created in the sector, which employs around 12,000 people. However, Ireland’s growing status as a major European domicile for investment funds is set to significantly increase the requirement for workers this year.

Data from EFAMA — the European representative body for the investment management market — shows that Ireland was the only major fund domicile in Europe to see significant increases in EU-registered fund value during the first half of the year.