The Dublin-based JPMorgan Hedge Fund Services (HFS) business has recently consolidated three offices into one, and moved 170 staff into a newly-built office at Northern Cross.
The business plans to increase staff in the new premises to 260 by the end of 2008. The Dublin office provides fund administration, transfer agency, fund of hedge fund custody and corporate administrative services to hedge funds. This is in addition to the mutual fund operations capability, which is supported by 220 additional staff based in the International Financial Services Centre.
Dublin is one of two operations hubs (the other is in Greenwich, CT) for JPMorgan Hedge Fund Services, which has over $60 billion of assets under administration. JPMorgan HFS also has offices in Bermuda, Boston, Hong Kong, London and Luxembourg.
The Dublin location represents approximately 50 percent of JPMorgan HFS’ assets under administration.