Financial services company DMS Governance is to hire 50 new staff as it expands its operations in Dublin. Minister for Jobs, Enterprise and Innovation Mary Mitchell O'Connor announced the expansion at the opening of the company's new offices.
DMS Governance, which was previously known as DMS Offshore Investment Services, plans to employ people in areas including risk management, governance and investment management support.
The firm’s services cover investment funds known as undertaking for collective investment in transferable securities (UCITS), alternative investment fund (AIF) hosting services, fund governance, Foreign Account Tax Compliance Act (FATCA) services, banking and custody, outsourcing, trusts and corporate services.
The expansion has been supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland.
DMS also has offices in the Cayman Islands, New York, São Paulo, London, Luxembourg and Hong Kong.
Second largest
DMS Ireland is the second-largest operation in the company after the Cayman Islands. The Dublin base, which has been here since 2008, already employs 50 people and the announcement on Thursday will bring its total workforce to 100 by 2017.
The announcement is further evidence of the Government’s “commitment to job creation”, the Minister said. “I believe only a strong economy supporting people at work can pay for the services needed to create a fair society,” she said.
DMS Europe managing director Derek Delaney said that demand for Irish-regulated funds had increased significantly, and that the regulations governing Irish funds were "both clear and transparent in a manner that is refreshing to the international market".
IDA Ireland chief executive Martin Shanahan said DMS's announcement would "further enhance Ireland's profile within the fund-servicing industry globally".
