100 Jobs at Citco Fund Services – Financial Services a safe bet?
Citco Fund Services (world’s largest hedge funds administrator) is planning to expand its operations in Dublin. Citco currently employ 600 staff in Ireland and they are looking for new office space which could mean another 100 staff.
With the turmoil in the jobs market many jobseekers are seeking a safe haven to weather this storm. Jobseekers want a sector that will provide stability away from the continual threat of redundancy. Construction is suffering, retail is stuttering, manufacturing on deaths door BUT is financial services the shining knight.
It’s hard to know if Financial Services is a safe bet. The stock market is in turmoil and the banking and financial sector has strong ties to the construction and housing. For example Start Mortgages announced on Friday that it is cutting its workforce by 10% which indicates that the demand for loans is slowing fast. This has a direct knock on effect for banks but also financial services providers such as insurance.
I think Financial Services will remain a pillar of the economy. Developments and announcements such as Citco Fund Services are encouraging and would indicate strength within this sector despite the uncertainty globally.
Tags: Banking, Careers, Citco Fund Services, Construction, Financial Services, IFSC, Ireland, Irish Jobs, Jobs, Manufacturing, Retail
