| Treasury professionals wanted as GE Capital sets up significant new Dublin operation |
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| Treasury, structured finance, and funds professionals are in demand this month, with GE Capital setting up a new hedging operation in Dublin, and Rabobank recruiting for structured finance professionals. If you have a job, or if you are recruiting for a significant top job which you think should be profiled here, please contact us with the details (email: topjobs@finance-magazine.com) |
GE Financial Markets, a new subsidiary of GE Capital, is setting up in Dublin over the summer, and is recruiting 14 people for the new operation. The company will be charged with hedging a division of the group's foreign exchange and interest rate exposures, and so GE is looking for people with experience in this area.
The company will initially provide hedging facilities for GE Capital, but it may be expanded to provide similar sservices to the entire GE group, and so the potential for growth in this new operation is considerable.
Insurance
The Dublin International Insurance & Management Association (DIMA), the representative body of captive managers and international insurance and reinsurance companies in Ireland, is following the lead given by the international funds association, the DIFA, and is recruiting a chief executive officer for the association.
Dublin’s international insurance industry has continued to grow in the post-IFSC era, particularly on the reinsurance and captive side, with a number of new reinsurance companies, including AXIS Re and Renaissance Re, setting up European headquarters in Dublin, and one of the key aspects of the new CEO role will be to further develop the marketing of Ireland as a location for international insurance.
DIMA is looking for an experienced senior level person, with sound knowledge of the industry to fill the role.
On the corporate finance side, Merrion Corporate Finance, which recently appointed Dan Ennis as head of the division, to replace Pat Landy who left last year, is recruiting for a senior corporate finance executive. This role will likely appeal to corporate finance specialists currently working in the industry at a lower level, and the role will involve managing a range of major corporate finance transactions.
Banking
Merrill Lynch, which recently opened its European support services hub in Leopardstown, continues to recruit for the new operation, which will employ 300 people. The company is currently looking for corporate banking professionals to its client data services and dividends and corporate actions teams.
One of the larger companies operating on FINEX, the currency futures and options division of the New York Board Of Trade (NYBOT), is Baxter Financial Services. The main products Baxter offers are currency futures, currency swaps and FX options, and its philosophy is to leverage on the advantages of futures and options by applying them to the exclusive world of foreign exchange. The company is currently looking for graduates for sales and dealing positions.
Structured finance
Candidates with structured finance experience remain in demand, and Rabobank Ireland, the Dublin based subsidiary of the Dutch bank, is looking to recruit a manager in structured finance, due to the expansion of its banking department. The candidate should be either an accountant or a lawyer, and the role will involve developing and implementing structured products for both internal group requirements and external client-driven needs.
Although Oracle recently moved some of its Dublin shared service operation to Bangalore in India, it remains committed to Ireland, and is currently advertising for a number of positions in its SSC, including the position of a country controller.
Black & Decker is also recruiting for its financial shared service centre in Cork, and is looking for someone to head up the operation.
Finance
Accountants for professional service firms who are looking to move into industry should be interested by a number of financial controller positions advertised this month, for corporates such as Abbott Laboratories in Dublin, and Lufthansa Shannon Turbine Technologies in Shannon, Co. Clare.
Funds
Irish Life Investment Managers continues to recruit for fund managers, and is now looking for a senior property manager to oversee the acquisition and disposal of Irish Life’s property funds, as well as identifying and implementing active management opportunities within the portfolio.
A hedge fund administrator, with an operation in Dublin, is setting up a fund accounting division in Naas, Co. Kildare, which is to open over the summer and will employ over 100 people. The company is currently recruiting for fund accountants of different levels for this operation. |
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| Article appeared in the April 2004 issue.
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