merrion street

Enterprise Minister Richard Bruton today announced that Butterfield Fulcrum, a leading fund administration company, is to increase its workforce in Dublin city centre to 100 people. The investment is supported by the Irish Government with the aid of IDA Ireland.

Butterfield Fulcrum initially established an operation in Ireland in 2009 and it has since experienced strong growth. At the time it envisaged the creation of 40 jobs, however, based on upward projections will now grow its Irish workforce to 100. The company has recently been taken over by leading fund industry executives in partnership with BV Investment Partners.

Current activities undertaken in Dublin include fund administration, business development and compliance. The new jobs will be in fund administration, finance and relationship management.

Announcing the expansion, the Minister said:　

International financial services is a sector we must target for ambitious growth if we are to create jobs and grow our way out of our difficulties.

We already have substantial investment and presence here from major global companies, and have built up a skill-base and reputation in this sector, but we must build on these strengths to enable more domestic and international firms establish and grow here.　

While the sector globally is going through some difficulties, this can itself create opportunities for Ireland. I am determined to ensure that we have ambitious policies in place to take full advantage of the opportunities that exist in financial services to achieve growth in the economy and get people back to work.