Irish Finance Jobs Set to Grow |
13 Apr 2007 |
| Ireland’s international financial services (IFS) sector created 1,485 net new jobs in 2005, according to the Finance Dublin Yearbook 2006, and all indications are that this number will be met, or exceeded in 2006. Of the firms reporting their recruitment figures for 2006 in the Yearbook, those operating in funds are set to be the biggest employers, with some of the larger firms recruiting over 100 people over the course of this year. In 2005, the sector grew from 7,317 employees to 8,144, according to the Yearbook, an increase of 11 per cent, and all indications are that a similar growth rate can be expected in 2006. Funds Continued growth in the volume of funds assets serviced in Ireland, which grew by 10 per cent to ?641.9 billion in the first four months of 2006, is leading to a sustained demand for funds professionals. However, with so many firms recruiting, competition is fierce to recruit and retain appropriate candidates. In order to widen the pool of potential employees therefore, the funds industry, which was previously concentrated in Dublin, is rapidly expanding its barriers, with firms hoping to benefit from lower labour costs and lower staff turnover by opening additional operations all over Ireland. One of the firms recruiting is PFPC International, which services both mutual and hedge funds, and is looking to recruit an additional 150 staff members over the course of this year. Some of the open positions include a business development executive, an assistant manager for hedge fund accounting and graduates for the firm’s Dublin office. In Wexford and Meath the firm is looking to hire fund accountants. |
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