Irish-founded and led Centralis Group has announced ambitious targets to grow revenues and profits by 300% by 2030.
Centralis recently secured an investment that valued the Group at more than €500m from the California-based private equity firm HGGC.
The investment marks the largest of its kind in the Irish market to date for an Irish-founded and led financial services company operating in the fund, corporate, and trust services sector.
Since the Irish leadership team’s high-profile departure from AIB in 2011, Centralis has grown to employ more than 500 people worldwide, with 30 based in its Dublin office and a further 20 in Belfast.
The asset and corporate services provider says it expects to break the US$100m revenue threshold in annualised revenues in 2025.
Spanning 13 countries, Centralis collaborates with alternative investment firms and corporate organisations, offering tailored fund administration, SPV corporate services, and global expansion and governance solutions to meet client needs.
Announcing the plans, founder and CEO of Centralis Aidan Foley said: “I am proud today to announce our ambitious targets to grow the Centralis Group revenues and profits by 300% by 2030, which follows a period of record organic growth for the Group.
"The strategic investment by HGGC, the largest investment of its kind to date in our sector for an Irish founded management team, will allow us to continue to invest in our Irish and global teams, and provide excellent service to our diverse portfolio of clients.
"Since founding in 2011, we have grown our workforce to more than 500 people in 13 countries.
"As we look to new markets, we will continue to expand in line with our targets, further cementing Centralis Group as an industry leader in providing customer-centric services, driven by a growing workforce of highly experienced local and sector-specific professionals.”
Centralis, whose Irish executive management team also includes Gerry McEvoy (Head of Corporate Services and an original founder alongside Aidan Foley) and Dermot Caden (CFO), recently hired Conor Blake (Head of Capital Markets) to help scale its presence in Ireland.
The firm says it is focusing on capital market and treasury solutions for global asset managers and multi-national corporations.
And it says it has plans to expand its base across Dublin and Belfast in the near future.
