Financial services company DMS is moving its staff to a new, bespoke office in Dublin and plans to hire 50 new staff to support its continued growth in the field of fund governance and investment management support services.

The 50 jobs will be in the fields of risk, trade execution, verification, settlement, investment management support and governance roles, and the move is supported by the IDA.

DMS Governance was founded in 2000 and has offices in the Cayman Islands, New York, São Paulo, London, Luxembourg, Hong Kong and Ireland.

DMS Ireland is the largest operation outside the Cayman Islands. DMS Ireland employs 50 people at its European operations centre in Dublin, and today’s announcement will bring the total employed to 100 by 2017.

Derek Delaney of DMS said: “This is the second jobs announcement for DMS in the Dublin market. We had anticipated the 50 jobs announced two years ago would take us to the end of 2017, but 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.

In Association with

Martin Shanahan of the IDA commented “Ireland’s international financial services sector is an integral part of our foreign direct investment portfolio. 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.”

DMS Offshore Investment Services (Europe) Ltd had 12 employees through 2014. Directors Derek Delaney and Nicola Collard shared €270,000 in pay and pension remuneration. The ten other staff shared €826,000.

Photo: Jobs minister Mary Mitchell O'Connor with Derek Delaney (right) and Marin Shanahan