By Business & Finance 
Minister Mary Mitchell O’Connor (centre) is joined by Martin Shanahan, CEO of IDA Ireland (left) and Derek Delaney, managing director of DMS Europe (right) to launch the new office space
DMS has announced the expansion of its operations in Ireland, with the opening of an office in Dublin, which will accommodate 50 new staff.
Building on their success to date, DMS plan to hire an additional 50 new staff in risk, trade execution, verification, settlement, investment management support and governance roles.
DMS, founded in 2000, is a recognised leader in fund governance and investment management support services.
DMS Ireland is the largest operation outside of Cayman and controls the DMS Internationalisation Strategy. DMS Ireland already employs 50 people at its European operations centre in Dublin, with today’s announcement bringing that total employed to 100 by 2017.
Managing director for DMS Europe, Derek Delaney, commented: “This is the second jobs announcement for DMS in the Dublin market. We had anticipated the that 50 jobs announced two years ago would take us to the end of 2017, however demand for Irish regulated funds has increased significantly in the interim and DMS are both fortunate and proud to be recognised as the standard bearer for provision of management company services to US, UK, European, Asian and other investment managers since coming to the European market.”
Martin Shanahan, CEO IDA Ireland, added: “Ireland’s international financial services sector is an integral part of our foreign direct Investment portfolio here at IDA Ireland. Ireland has seen significant investment in financial services over the past year, proving how attractive Ireland’s offering is. Today’s announcement by DMS will further enhance Ireland’s profile within the fund servicing industry globally. I wish the DMS Irish team every success with this expansion and offer the continued support of IDA Ireland in the future.”
