6th June 2018: Minister for Business Enterprise and Innovation, Heather Humphreys TD today announced that DMS Governance, an international GRC firm, is to create 50 new roles in Cashel Co. Tipperary. Between its Dublin expansion and the creation of new roles in Cashel, this will bring DMS’ commitment to jobs Ireland to 150.
The project is supported by the Irish government through IDA Ireland.
DMS Governance, which recently acquired the Irish aviation services company, Aviation Corporate Services (AvCS) in Cashel Co. Tipperary, will create 50 roles for highly-skilled financial service professionals and qualified accountants.
Speaking at the event, the Minister for Business Enterprise and Innovation Heather Humphreys TD said “I am delighted to announce that 50 highly-skilled financial service positions will be coming to Cashel. This once again highlights the Government’s success in ensuring we have the conditions necessary to encourage ongoing job creation in the regions. I would like to congratulate DMS Governance, thank them for this investment in Tipperary and wish them the very best for the future.”
Minister of State with responsibility for Insurance and Financial Services Michael D’Arcy T.D. added, “I welcome this announcement by DMS and wish them continued success in the future. The IFS2020 strategy is committed to delivering 30% of International Financial services jobs outside Dublin and this investment highlights the talent available throughout Ireland.”
Derek Delaney, Chief Operating Officer at DMS commented:
“There is a convergence of industries becoming part of mainstream financial services including aviation, shipping and rail. Investors are seeking increased exposure to hard assets and hedge funds have become a valid alternative to mainstream lenders with the differences between regulated and unregulated sectors lessening.
The acquisition of AvCS gives DMS the ability to offer a single solution that is unique in the Irish market.
The key addition to DMS of very high calibre leaders - Niall and Frank - and the addition of a strong, experienced team means we are confident we can expand successfully in this second Irish location. This expansion will be across all our product ranges.
The strong legal and regulatory landscape in Ireland, combined with DMS’ proven expertise and committed staff allows our Ireland operations to continue to grow to meet the demands of our client base.”
CEO of IDA Ireland Martin Shanahan welcomed the announcement stating: “Today’s investment announcement represents the first financial services investment in South Tipperary by an IDA client company. These new roles will boost the local economy and points to IDA’s success in encouraging client companies to look at developing a second site outside of Dublin. I wish DMS every success going forward and look forward to welcome future expansion announcements.”
About DMS Governance:
DMS Governance is the worldwide leader in fund governance + risk + compliance representing leading investment funds and managers with assets under management exceeding $350Bn. DMS is a global institutional firm that excels in delivering high-quality services across a diverse range of investment fund structures and strategies. We are proud to be the leading independent provider of AIFM, UCITS Management Company and MiFID services to many of the largest institutional investors and asset managers globally.