Press Release 29 May 2014

Dublin, Thursday 29th May 2014 – Minister for Jobs, Enterprise and Innovation Richard Bruton TD today announced that DMS Offshore Investment Services Ltd is to create 50 new roles in fund governance and risk management at its European operations centre in Dublin.  The expansion is supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland.

DMS Offshore Investment Services Ltd. (DMS), founded in 2000, is a recognised leader in fund governance and is an authorised Alternative Investment Fund Manager (AIFM). DMS services include Fund Governance, AIFMD solutions, Foreign Account Tax Compliance Act (FATCA) services, Banking and Custody, Outsourcing, Trust and Corporate Services. DMS employs over 200 people in its offices throughout Dublin, the Cayman Islands, New York, São Paulo, London, Luxembourg and Hong Kong.

Making the announcement Minister Bruton said “International financial services is a key sector which we have targeted for jobs growth as part of our Action Plan for Jobs, and in recent years we have seen significant expansion in this area. Today’s announcement that DMS is expanding its European operations centre in Dublin and creating 50 extra jobs is a further boost for this sector of the economy. I wish DMS every success with this expansion, and look forward to further announcements in the future”.

DMS  established its Dublin office in 2011 to provide fund governance services to Fund promoters. In 2012, the company decided to provide a Management Company service to promoters who needed to comply with the Alternative Investment Fund Managers Directive (AIFMD).   AIFMD is an EU directive which will bring enhanced governance and monitoring of EU-domiciled Alternative Investment Funds (AIFs) and non-EU AIFs being marketed to European investors. The new legislation comes into effect in July 2014.

“With the requirement for EU domiciled funds to comply with AIFMD, we have seen significant growth in the demand for our services.  We are ramping up our team in Ireland to meet this demand,” said Derek Delaney, Managing Director of DMS (Europe).  “Ireland has a strong and globally recognised international financial services industry which will provide DMS with highly skilled and educated professionals as we expand our European Operations centre here.”

Welcoming the announcement Barry O’Leary, CEO, IDA Ireland said, “DMS is a recognised player in the management company services space for alternative investment funds.  Their commitment to expanding the European operations centre in Ireland is a notable endorsement for the fund servicing and alternative investment fund industries here.”

About DMS

DMS Offshore Investment Services Ltd. (DMS) is the worldwide leader in fund governance with more than 200 professionals representing leading investment funds with assets under management exceeding $330 billion. DMS provides trusted and comprehensive Fund Governance, FATCA, AIFMD, Banking + Custody, Trust, Corporate and Outsourcing solutions that support investments across a range of structures, and diverse investment strategies. The DMS AIF Manager and AIF Platform focus exclusively on AIFMD compliance implementation in the European alternative investment funds market.

For media queries, please contact:
DMS – Kate Bohner. Chief Communications, Research & Marketing Officer, +1 345 749 2589
IDA Ireland – Gillian Kelly, Media Relations Executive, 087 1789893
For recruitment opportunities, please contact: application@dmsoffshore.com







 

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