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Alter Domus (“Alter Domus” or the “Company”), a leading provider of integrated solutions for the alternative investment industry, has officially opened its new offices for its European Centre of Excellence in Cork.
The Company has invested in a new workspace for the future at Cork Airport Business Park allowing the business to continue to scale. The 20,000ft2 space facilitates a hybrid work model and follows the principles of Biophilic Design which work to connect people and nature within a built environment.
The Company also announced the creation of 80 new jobs to be filled in 2022 at its new premises and confirmed it is on schedule to reach its target of filling the 100 positions that were announced in January this year.
Tánaiste and Minister for Enterprise Trade and Employment, Leo Varadkar, said:
"Congratulations to Alter Domus. I’m really happy the company has chosen Cork for its new European Centre of Excellence, it’s a credit to the current team, who have been in Ireland for over a decade and have already seen a significant expansion in recent years. This latest decision will create 80 new jobs and I’m sure they will have no problem filling them, drawing from the rich talent pool in the area. Alter Domus is a leading player in the alternative investment industry and a real asset to the financial services industry in Ireland. I wish the team many years of success in their new home."
Speaking at the official opening, Minister of State at the Department of Finance, Sean Fleming TD, said:
"I am delighted to open this Centre of Excellence for Alter Domus. I want to thank the firm for creating 80 new jobs and their continued commitment to Ireland. The expansion here in Cork is an important regional investment which is a priority for the Ireland for Finance strategy. It’s a strong example of the role that Alternative Funds can play in developing high quality jobs that have a real impact on our economy."
From Cork, Alter Domus operates a European hub for global debt and capital markets, private equity, real estate and infrastructure investors and managers supporting over €1.3 trillion in assets under administration globally. With offices in Cork and Dublin, Alter Domus has already invested significantly in its Irish operations, having increased its headcount in Ireland to over 260 people.
Speaking at the official opening, Alter Domus CEO Doug Hart said:
"I am delighted to reaffirm our commitment to Ireland and to Cork with the creation of a further 80 new roles as we open our new offices here in Cork. Our teams here provide huge value to our clients and we are driven to providing our staff with unlimited career opportunities at Alter Domus."
Heather Crowley Kerr, Regional Director, Central Operations Europe at Alter Domus, said:
"The opening of our new offices in Cork marks a new era in how we work and how we interact. We have taken the positives from what has been a hugely unique experience of the past 18 months and we have designed a future fit environment to support our teams."
James McEvoy, Country Executive Ireland at Alter Domus said:
"This year we completed our full service offering in Ireland with the launch of depositary and AIFM services alongside fund administration and corporate services. Ireland has massive growth potential in the alternatives space and we are delighted to be so well positioned in the market today to support this growth."
Alter Domus continues to recruit in Cork with openings in accounting, structured credit, fund management, depositary, compliance, technology and automation. To explore opportunities, visit jobs.alterdomus.com.
Alter Domus will also continue to invest in its partnerships with third level institutions locally with the doubling of its graduate and internship programmes as a key source of top talent of the future.
Global Head of International Financial Services at IDA Ireland, Kieran Donoghue, said:
"Since establishing in 2011 Alter Domus has significantly expanded its presence in Dublin and Cork. The establishment of its European Centre of Excellence here in Cork and the creation of a further 80 jobs demonstrate the company’s commitment to the South West and its confidence in the highly skilled and talented workforce available in the region. I wish Alter Domus every success with this expansion."