Investment firm DMS to create 50 new jobs in Dublin

The company will employ 100 people here by 2017

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Image: DMS

Fifty new jobs are to be created by investment firm DMS in Dublin.

Jobs Minister Mary Mitchell O'Connor officially announced the expansion, with the opening of their new office.

DMS plan to hire an additional 50 new staff in risk, trade execution, verification, settlement, investment management support and governance roles.

The move is being supported by the Department of Jobs through IDA Ireland.

DMS has offices in the Cayman Islands, New York, São Paulo, London, Luxembourg, Hong Kong and Ireland.

Ireland is its largest operation outside of Cayman, and controls the DMS Internationalisation Strategy.

It already employs 50 people at its European operations centre, with today's announcement bringing that total employed to 100 by 2017.

Minister Mitchell O'Connor 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."

Managing director for DMS Europe, Derek Delaney, added: "This is the second jobs announcement for DMS in the Dublin market."

"We had anticipate the that 50 jobs announced two 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."