Deutsche Bank moves central hedge fund operation to Dublin

Deutsche Bank moves central hedge fund operation to Dublin

Deutsche Bank is to move its European hedge fund operations to Dublin, creating 100 new jobs in the Irish capital.

The German bank says the aim is to create a European centre of excellence for hedge funds.

It joins 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.

About 100 people will be employed by Deutsche Bank by year end, "with significant additional growth planned over the next five years". The outpost will service both onshore and offshore funds.

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