14 February 2016

Clearstream opens new Dublin centre to cater for hedge funds

29 November 2012  |  2824 views  |  0 power leads

European depository Cleartsream has opened a hedge fund processing centre in Dublin, Ireland, creating 15 new positions with the potential to expand to 100 roles.

The new venture has already signed six pilot customers, who will get the run of a range of standardised post-trade processing services, including automated order routing, settlement and position reporting.

Duiblin was chosen over Clearstream's current investment funds base in Luxembourg due to its location as a recognised global centre for hedge fund administration.

In May, Deutsche Bank moved its European hedge fund operations to Dublin, joining an influx of big investment banks which have taken advantage of generous tax breaks and government incentives to move back office admin roles to Dublin's International Financial Services Centre.

Jeffrey Tessler, CEO Clearstream, says: "The talented pool of expertise and the proximity to the hedge fund industry have been the key drivers for our choice of Dublin. Our product range for investment funds will soon provide customers with a single, fully automated point of entry for routing orders to fund managers across all funds types."

Christian Westerholt, previously head of product development in Clearstream's investment fund services area, will be the general manager of the Dublin branch.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

22 May, 2012
15 February, 2012
19 January, 2012
09 August, 2011
20 May, 2011
07 April, 2011
18 February, 2011
15 February, 2011

Related company news


Top topics

Most viewed Most shared
UK sets out open banking API frameworkUK sets out open banking API framework
16585 views comments | 107 tweets | 91 linkedin
Deutsche Bank calls for co-operation with fintech firms on B2B servicesDeutsche Bank calls for co-operation with...
9219 views comments | 30 tweets | 30 linkedin
How to accelerate your fintech startupHow to accelerate your fintech startup
8971 views comments | 35 tweets | 10 linkedin
Is Paym a failure?Is Paym a failure?
7311 views 16 comments | 23 tweets | 16 linkedin
Visa issues API to offer consumer control over card transactionsVisa issues API to offer consumer control...
6664 views comments | 17 tweets | 28 linkedin

Featured job

to $120K base, double OTE, benefits
New York City, NY or Boston, MA (USA)

Find your next job