With 21 offices internationally, Apex Fund Services located in Cork 4 years ago, and successfully recruited the highly skilled financial services staff required to grow and scale the business in Ireland. Now having reached its optimum size and with an increasing amount of funds business going through the Irish office, establishing a presence in Dublin was the obvious next step for the Apex Funds Services management.
John Bohan, Managing Director, Apex Fund Services Ireland, commented: âIreland has always been an important part of Apexâs international expansion. With over 43% of the worldâs hedge funds administered in Ireland, the Cork office was an initial spring board for the companyâs global expansion, which now sees Apex in 21 countries around the world. We are already actively recruiting for the new positions in the Dublin office, which will be mainly graduate roles in the area of fund accountancy, compliance and ITâ.
CEO of Enterprise Ireland Frank Ryan added, âFinancial services is a very important sector for the Irish economy with significant potential for export and employment growth. Apex Fund Services is a prime example of the dynamic and ambitious Irish companies that are driving export growth in this sector. With its innovative, quality services, Apex Fund Services has pursued a successful internationalisation strategy that has led to increased employment in Ireland with this latest expansion in Dublin. I warmly congratulate them on their continuing success and Enterprise Ireland looks forward to continuing to support Apex Fund Services in its ongoing international growth.â
Peter Hughes, Group Managing Director, Apex Fund Services Limited, commented: âDespite the global financial crisis, our Cork office has performed spectacularly well and has given Apex a healthy share of the Irish fund administration market. Our Dublin office is now ready to work alongside our Cork office. Todayâs announcement is another step for Apex in reaching our goal of being in the top 25 fund administrators worldwide by the end of 2011.