Business News

Carne Group announces creation of 250 jobs over three years as part of significant regional expansion

By Business & Finance
21 May 2019
Minister of State for Financial Services, Michael D’Arcy TD (left) with John Donohoe, Group CEO of Carne Group,  Kevin Sherry, Enterprise Ireland, Yvonne Connolly, Carne Group’s Ireland CEO, Minister with responsibility for Defence, Paul Kehoe, TD and Pat Lardner, Chief Executive of Irish Funds (right).

Further expansion and recruitment at Kilkenny financial services centre with plans to grow regional workforce by an additional 250 people by 2021

Carne, the Irish-founded premier global provider of fund management company solutions to the asset management industry, has today announced a significant expansion of its Irish operations, creating an additional 250 regional jobs over the next three years. The expansion is supported by the Department of Business, Enterprise, and Innovation, through Enterprise Ireland.

Kevin Sherry, Executive Director, Business Development, Enterprise Ireland, said:

Enterprise Ireland has worked closely with Carne Group over a number of years both in Ireland and overseas in supporting the company’s growth plan to become a market leader in Fund Services. For many of the global fund managers that have chosen Ireland, Carne Group has become a key partner in Ireland and internationally in the provision of a range of world class Fund Services.

He continued: “It is exciting to see this highly innovative company go from strength-to-strength with the opening of its new regional site and the announcement of the creation of new jobs here in Wexford and Kilkenny which Enterprise Ireland is pleased to support. Enterprise Ireland looks forward to continuing to work with Carne Group as it increases scale and further expands its global market reach in delivering on its ambitious growth plan.”

Carne Group’s regional expansion

The company, which currently employs more than 50 people at its financial services centre in Kilkenny, is opening a new financial services centre in Wexford, with recruitment currently underway for 50 highly-skilled positions across a broad range of disciplines.

Commenting, Group CEO of Carne, John Donohoe, said:

The demand for our next generation technology and risk driven asset management solutions continues to drive rapid growth across the entire Group. The expansion of our Kilkenny financial services centre and the opening of our new financial services centre in Wexford reflects this. Our ambition is to support our asset management clients to revolutionise their businesses and our experience is that regions such as Kilkenny and Wexford have a rich pool of talent that can help us achieve this.

Next generation of asset managment experts

Carne Group’s Ireland CEO, Yvonne Connolly, said: “We believe that Wexford and Kilkenny can provide us with the next generation of asset management experts to join our rapidly expanding Irish business.Carne is helping asset managers to revolutionise how they meet their data, due diligence, compliance, risk and operational requirements and providing them with the management information they need to control their business.”

Welcoming the announcement, Minister of State for Financial Services, Michael D’Arcy TD, said:

I’m delighted to support Carne Group with their announcement of the creation of 50 highly skilled jobs at their new Wexford financial services centre. A total of 250 jobs between Wexford and Kilkennyover the next 3 years. Carne Group continues to experience sustained significant growth by supporting clients around the world with its next generation fund management services. The expansion is great for Wexford and shows Carne Group’s investment in the region and its talented workforce.