Dutch firm Intertrust has opened a new fund administration business in Ireland, which will serve Irish as well as non-Irish domiciled collective investment schemes.
The aim is to support the firm’s global private equity, real estate and private debt clients.
Intertrust Fund Services Ireland will be led by Kevin Doyle.
Doyle, named the head of fund administration for the new entity, most recently served at HedgeServ.
Plans are on to hire more staff for the business this year.
Intertrust Ireland managing director Imelda Shine said: “The decision to extend our Irish fund services business to include fund administration speaks to our strategy of aligning our range of solutions to the needs of our global client base.
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“We’re already seeing a rising demand for AIFM ManCo services and clients are increasingly looking for a platform that can combine administration and AIFM services in one offering.
“With an increasing need for a broader range of fund services from us, our Irish offering ensures they receive a best-in-class service in navigating an increasingly complex and challenging regulatory environment.”
Last July, Intertrust unveiled plans to create up to 60 new jobs in its Dublin office.
The plan for headcount addition came after the redevelopment of the office.