Independent fund administration company the Butterfield Fulcrum Group is expanding its operations in the city bringing its total workforce to 250.

The new jobs will be in the areas of middle office and customer relationship management.

The government has been working through the IDA to secure the investment.

Making the announcement today the Minister for Jobs Richard Bruton said the news is testament to the excellent skills that are available here.

“This is testament not only to the business environment for international financial services which we have created but also to the excellent skills that are available here” he said.

“The Government will continue to work hard, through the Action Plan for Jobs, on implementing the necessary changes to ensure that we can see further announcements like this in the near future” he added.

‘Very positive experience’

The group established in Ireland in 2009 and since then has reached its 100 employee target with projected employment growth now set to reach 250 with the announcement today.

Glenn Henderson is CEO of Butterfield Fulcrum.

He said the group has had “a very positive experience in Dublin.  Our experience with the Irish labour market has been phenomenal”.

“Our clients have been very impressed with the calibre of those we have hired in Ireland.  Today’s expansion is as a result of this success” he added.