Opus Fund Services has officially launched its European fund administration business based in Dublin, Ireland having secured authorisation by the Central Bank of Ireland under the Investment Intermediaries Act.
Launched in 2006, the Opus proprietary based technology has, to date, focused on the US market, adding 183 new funds across 133 new clients in 2018 alone.
Irish Minister for Business, Enterprise and Innovation Heather Humphreys says: “I am delighted that Opus has obtained Central Bank authorisation, which will see them open up their new European office in Dublin. Ireland is now a major player in International Financial Services and we welcome leading international companies like Opus investing here. We have the skills and talent available to help them grow and I wish them well for the future.”
Robin Bedford (pictured), global CEO says: “As we continue to scale our business, Ireland was the logical location of our European headquarters providing our existing clients with full access to the European Union. Our proprietary technology-based administration platform has been embraced by the US market resulting in our rapid growth. We look forward to deploying this offering to the local Irish market.”
The existing team of 15 professionals are based in their Baggot Street offices. Christian Pollard, regional CEO, says: “Having automated many of our back-office functions, our local hiring strategy will focus on targeting experienced fund administration professionals that can deliver a client experience previously out of reach for the average emerging fund manager.”
Mary Buckley, Executive Director of IDA Ireland, adds: “Ireland’s offering as a leading International financial services hub within the EU continues to appeal to overseas investors looking to service their client base in this market. The international funds industry in Ireland is thriving with over €2.5 trillion domiciled here – the highest on record.”
