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150 jobs set to be created following expansion of financial firm in capital

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By Vincent Ryan

Wednesday, November 07, 2012

Fund administrator the Butterfield Fulcrum Group is to create 150 jobs in an expansion in Dublin.

The jobs will be in middle office and customer relationship management.

Butterfield Fulcrum was established in Ireland in 2009. The announcement is set to boost employment figures at the company to 250.

Glenn Henderson, CEO of Butterfield Fulcrum said: "Our experience with the Irish labour market has been phenomenal.

"Our clients have been very impressed with the calibre of those we have hired in Ireland."

He said the expansion "is as a result of this success".

Jobs Minister Richard Bruton, said the Government had targeted the international financial services sector as a growth area.

He said: "International financial services is a key sector targeted in the Government’s plan for jobs and growth, and in the past 18 months we have implemented a number of changes to support expansion and jobcreation in this sector.

"Over recent months we have seen some positive announcements in this field, and [the] announcement this leading international company is creating an additional 150 jobs in Dublin is very welcome.

"This is testament not only to the business environment for international financial services which we have created but also to the excellent skills that are available here," he said.

Both the Government and the IDA have worked with the company to ensure that Ireland was the site chosen for the expansion.

CEO of IDA Ireland, Barry O’Leary, said: "The expansion of Butterfield Fulcrum in Dublin adds to the established reputation of Ireland as a global centre for fund administration and will enhance Ireland’s profile within the hedge fund industry globally.

"The success and accelerated growth of the company’s Irish operations demonstrates Ireland’s ability to host international financial services companies and provide the highly skilled employees they require for rapid growth."

© This appeared in the printed version of the Irish Examiner Wednesday, November 07, 2012