18 October 2017
Find out more

Clearstream opens new Dublin centre to cater for hedge funds

29 November 2012  |  3326 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)

Finextra news in your inbox

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

Related stories

MasterCard to open Dublin tech office, creating 130 jobs

MasterCard to open Dublin tech office, creating 130 jobs

15 February 2012  |  5656 views  |  0 comments
PayPal to create 200 new jobs in Dublin

PayPal to create 200 new jobs in Dublin

09 August 2011  |  6291 views  |  0 comments
Deutsche Bank moves central hedge fund operation to Dublin

Deutsche Bank moves central hedge fund operation to Dublin

20 May 2011  |  9882 views  |  0 comments
Asset Control creates 50 Dublin jobs

Asset Control creates 50 Dublin jobs

07 April 2011  |  7228 views  |  0 comments
PayPal creates 150 Dublin jobs; suffers brief outage

PayPal creates 150 Dublin jobs; suffers brief outage

18 February 2011  |  8991 views  |  0 comments
Fidelity Investments creates 100 Irish tech jobs

Fidelity Investments creates 100 Irish tech jobs

15 February 2011  |  7414 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comRegister nowvisit www.capgemini.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15182 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8383 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7896 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7333 views comments | 13 tweets | 8 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6469 views comments | 8 tweets | 16 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job