50 new financial-services jobs announced for Dublin

Fifty new jobs have been announced for Dublin, at a financial-services software company.

US-based Fi-Tek is establishing a European headquarters in the city.

The new jobs will be in hedge fund administration.

The investment is being supported by the IDA.

Welcoming the jobs, Minister for Enterprise batt O'Keeffe said: "Ireland is the largest hedge fund administration centre in the world with almost half of all global alternative investment funds operated from here.

"Fi-Tek’s decision to establish a European headquarters in Dublin shows we can out-perform rival locations for major global investments in the financial services sector.

"More than half the world’s leading financial services firms now have operations in Ireland."