A hedge fund administrator is to create 150 new jobs in Cork, as it sets up its second Irish operation. HedgeServ is to establish an office at City Gate Park in Mahon.
The company has had an operation in Dublin since 2008, at which it now employs over 380 people.
HedgeServ has recently recruited over 50 positions in Cork, and intends to employ over 200 there over the next several years.
The initiative is supported by the Department of Jobs through IDA Ireland.
Hedgeserv CEO Jim Kelly said "The Cork area is rich with highly educated, talented industry professionals. The quality of the talent available in Ireland has enabled HedgeServ to deliver the highest quality of service to our clients".
This has been recognised in industry surveys and is the key to our rapid growth. IDA Ireland has provided a great support to us in assisting our business to grow in Ireland”
Welcoming the announcement, Jobs Minister Richard Bruton added "Today's announcement that HedgeServ is officially opening its operation in Cork, with the creation of 150 new jobs, is great news and comes on top of a great week for jobs in Cork".
Taoiseach Enda Kenny told Cork's RedFM that the talent pool in the Cork region is very suitable for the jobs announcements this week.
