HedgeServ, a top ranked and growing global hedge fund administrator, today officially announced the opening of its second Irish operation in Cork.
The company has had an operation in Dublin since 2008, at which it now employs over 380 employees. HedgeServ has recently recruited over 50 positions in Cork and intends to employ over 200 people over several years at their state of the art facility in City Gate Park, Mahon, Co. Cork.
HedgeServ’s presence in Cork contributes to the development of financial services and enhances the profile of the Southern region as a location of choice for financial services activities.
Making the announcement today, An Taoiseach Enda Kenny said: “I am pleased to welcome HedgeServ’s expansion into Cork where the addition of 150 new jobs will be a great boost for the local economy. The Government continues to have a relentless focus on jobs and is determined that 2014 will see us build on the 1,200 jobs a week being created in 2013. The international financial services sector is a key target for jobs growth in the Action Plan for Jobs and today’s announcement is a positive sign of progress in this area. This is made possible by our best asset – our people – and I am delighted that we are seeing new opportunities in Cork for our talented, flexible workforce.”
Jim Kelly CEO, Hedgeserv commenting on the announcement, said: “We are delighted with the results that HedgeServ is achieving in Cork. The Cork area is rich with highly educated, talented industry professionals. The quality of the talent available in Ireland has enabled HedgeServ to deliver the highest quality of service to our clients. This has been recognised in industry surveys and is the key to our rapid growth. IDA Ireland has provided a great support to us in assisting our business to grow in Ireland.”