News & Events

DMS announce expansion at its Irish operations with the creation of 50 new jobs

Minister for Jobs, Enterprise & Innovation Mary Mitchell O’Connor TD today officially announced the expansion of DMS operations in Ireland, with the opening of their bespoke, modern office in Dublin which will accommodate their growing team. Building on their success to date, DMS plan to hire an additional 50 new staff, in risk, trade execution, verification, settlement, investment management support and governance roles.

This announcement is supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland.

DMS Governance Ltd (DMS), founded in 2000, is a recognised leader in fund governance and investment management support services. DMS services include (Undertaking for Collective Investment in Transferable Securities) UCITS and (Alternative Investment Fund) AIF Hosting Services, Fund Governance, Foreign Account Tax Compliance Act (FATCA) services, Banking and Custody, Outsourcing, Trust and Corporate Services. DMS has offices in the Cayman Islands, New York, São Paulo, London, Luxembourg, Hong Kong and Ireland.

DMS Ireland is the largest operation outside of Cayman and controls the DMS Internationalisation Strategy. DMS Ireland already employs 50 people at its European operations centre in Dublin, with today’s announcement bringing that total employed to 100 by 2017.

Making the announcement Minister for Jobs, Enterprise and Innovation, Mary Mitchell O’Connor TD said “DMS are to be commended on reaching their target of 50 jobs ahead of schedule and are now in a position to create a further 50 new jobs. This announcement is further evidence of the Government’s commitment to job creation. One of my priorities as Minister is creating an environment where job growth can thrive. I believe only a strong economy supporting people at work can pay for the services needed to create a fair society. I wish the DMS team every success in their new offices.’’

Speaking on behalf of DMS, Managing Director for DMS Europe, Derek Delaney saidThis is the second jobs announcement for DMS in the Dublin market. We had anticipated that the 50 jobs announced 2 years ago would take us to the end of 2017, however 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.

I put our continued success down to 3 main factors; firstly DMS have the best staff in the European market place and clients depend on their professionalism, hard work and problem solving abilities.

Secondly, the Central Bank of Ireland and the Irish regulations governing Irish funds are both clear and transparent in a manner that is refreshing to the international market.

And finally our service partners in legal, administration, depositary, audit and independent directors are top quality, dedicated professionals who echo DMS’s value. It is to the Irish Funds industries immense credit that this is true, even of our competitors!”

Martin Shanahan, CEO IDA Ireland said: “Ireland’s international financial services sector is an integral part of our foreign direct Investment portfolio here at IDA Ireland. 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. I wish the DMS Irish team every success with this expansion and offer the continued support of IDA Ireland in the future.”

About DMS

DMS Governance Ltd (DMS), founded in 2000, is a recognised leader in fund governance and investment management support services. DMS services include (Undertaking for Collective Investment in Transferable Securities) UCITS and (Alternative Investment Fund) AIF Hosting Services, Fund Governance, Foreign Account Tax Compliance Act (FATCA) services, Banking and Custody, Outsourcing, Trust and Corporate Services. DMS has offices in the Cayman Islands, New York, São Paulo, London, Luxembourg, Hong Kong and Ireland.

For media queries, please contact:Fidelma Geraghty – PR & Media Executive, IDA Ireland – Phone:  +353 1 6034127 or +353 87 6548347

For DMS Human Resources, please contact:

Laura O’Connell – Senior People Manager, DMS Governance – Phone:  +353 1 6192340

 

 

Back to Top