Carne Group announces creation of 250 jobs as part of significant regional expansion

• Immediate recruitment for 50 highly-skilled, financial services professionals at their new financial services centre in Wexford
• Further expansion and recruitment at their Kilkenny financial services centre with plans to grow regional workforce by an additional 250 people by 2021

Wexford, Tuesday, 21st May 2019 – Carne, the Irish-founded premier global provider of fund management company solutions to the asset management industry, has today announced a significant expansion of its Irish operations, creating an additional 250 regional jobs over the next three years. The expansion is supported by the Department of Business, Enterprise, and Innovation, through Enterprise Ireland.

The company, which currently employs more than 50 people at its constantly expanding financial services centre in Kilkenny, is opening a new financial services centre in Wexford, with recruitment currently underway for 50 highly-skilled positions across a broad range of disciplines. Carne is hiring for multiple positions within risk management, compliance and operations and is also looking to recruit IT Developers, IT Architects, Data Miners, Cyber Security experts, financial crime specialists and Business Analysts.

The expansion enables Carne to further strengthen its client offering in the investment fund governance solutions sector as it experiences rapid growth due to greater regulation and increasing demand from investors for independent oversight of assets.

Commenting, Group CEO of Carne, John Donohoe, said: “The demand for our next generation technology and risk driven asset management solutions continues to drive rapid growth across the entire Group. The expansion of our Kilkenny financial services centre and the opening of our new financial services centre in Wexford reflects this. Our ambition is to support our asset management clients to revolutionise their businesses and our experience is that regions such as Kilkenny and Wexford have a rich pool of talent that can help us achieve this.”

Carne Group’s Ireland CEO, Yvonne Connolly, said: “We believe that Wexford and Kilkenny can provide us with the next generation of asset management experts to join our rapidly expanding Irish business. Carne is helping asset managers to revolutionise how they meet their data, due diligence, compliance, risk and operational requirements and providing them with the management information they need to control their business.”

Welcoming today’s announcement, Minister of State for Financial Services, Michael D’Arcy TD, said: “I’m delighted to support Carne Group with their announcement of the creation of 50 highly skilled jobs at their new Wexford financial services centre. A total of 250 jobs between Wexford and Kilkenny over the next 3 years. Carne Group continues to experience sustained significant growth by supporting clients around the world with its next generation fund management services. The expansion is great for Wexford and shows Carne Group’s investment in the region and its talented workforce.”

Minister with responsibility for Defence, Paul Kehoe TD, said: “I am delighted to join Carne Group today to announce the opening of their Wexford financial services centre and the creation of 50 new jobs for the area. A company with global ambition, Carne have experienced significant growth over a number of years and is an outstanding ambassador for Irish financial services; serving clients in London, Europe and New York, and indeed in emerging markets in the Far East and the Americas. The company’s investment in the South East region and Wexford in particular shows its commitment to the local area and its talented workforce.”

Kevin Sherry, Executive Director, Business Development, Enterprise Ireland, said: “Enterprise Ireland has worked closely with Carne Group over a number of years both in Ireland and overseas in supporting the company’s growth plan to become a market leader in Fund Services. For many of the global fund managers that have chosen Ireland, Carne Group has become a key partner in Ireland and internationally in the provision of a range of world class Fund Services. It is exciting to see this highly innovative company go from strength-to-strength with the opening of its new regional site and the announcement of the creation of new jobs here in Wexford and Kilkenny which Enterprise Ireland is pleased to support. Enterprise Ireland looks forward to continuing to work with Carne Group as it increases scale and further expands its global market reach in delivering on its ambitious growth plan.”

Pat Lardner, Chief Executive, Irish Funds, said: “Today’s announcement is another excellent example of the funds industry, through member firms like Carne, bringing highly skilled employment to towns and cities across Ireland and building on the 16,000 direct jobs which are already contributing to economy.”