Fi-Tek, a US based financial services solutions provider, is establishing its European headquarters in Dublin.
Fi-Tek provides software products and solutions for the alternative investments, trust, asset servicing and securities processing industries.
The company’s HedgeTek product, a fully integrated book and tax allocation platform for hedge funds, covers both US partnerships and unitised funds.
The company has operations in Ireland, India and the US.
Ireland’s Minister for Enterprise, Trade and Innovation Batt O’Keeffe says: "Ireland is the largest hedge fund administration centre in the world with almost half of all global alternative investment funds operated from here. Fi-Tek’s decision to establish a European headquarters in Dublin shows we can out-perform rival locations for major global investments in the financial services sector. More than half the world’s leading financial services firms now have operations in Ireland."
"Fi-Tek Ireland has recently gone live implementing HedgeTek with two leading global banks in Dublin," says Subir Chatterjee, Fi-Tek founder and chief executive. "Dublin has become a centre of expertise for hedge fund administration globally, and our intent is to make Fi-Tek Ireland a centre of excellence for us as well."