NEWS

Selection of Placements – Q2 2018

Selection of Placements – Q2 2018

As predicted Q2 was busy due to more candidates open to exploring new opportunities after receiving their 2017 bonus payment in March.

We witnessed a large demand for mid to senior middle office, fund accounting and risk candidates during Q2 and an increase in fund oversight and entry levels front office positions.

As we enter holiday season we predict a stable Q3 even though we have received several enquiries from Brexit start-ups.

  • Head of Investment Operations – Alternative Fund Service Provider
  • Investment Data Manager – Global Custodian
  • Trader – Energy Trading Firm
  • Fund Accounting Business Analyst – FinTech
  • Client Account Manager – Global Custodian
  • MLRO Consultant – ManCo
  • Private Equity Supervisor – Alternative Fund Service Provider
  • Portfolio Analyst – Hedge Fund
  • Investment Risk Analyst – Global Investment Manager
  • Cash Management Manager – Alternative Investment Manager
  • Investment Product Control – Global Investment Manager
  • Senior Associate Nav Oversight – Global Investment Manager

Contact:

If you would like to arrange a call to discuss the market contact us at hello@camden.ie.

Risk Management Market Update 2018

Risk Management Market Update 2018

The Senior Market:

We have seen increased actively due to new entrants to the market such as Fineco, Standard Life and Legal & General building out their Dublin risk teams.

Barclays are expanding their market risk team and Bank of America are building out a treasury risk and control function.

Citi Bank hired a head of market risk & liquidity, State Street Global Exchange hired a VP and DMS an associate director of risk services.

Market Trends:

Due recent CBI recommendations we have seen a spike in demand for operational risk and control professionals.

At 1st line level firms will look to recruit internally but at 2nd line the trend has been to recruit external experts who have proven operational risk, internal audit or business control experience.

Investment management firms with AUM less than a billion continue to focus on returns and outsource risk. On the back of this the Irish Manco’s and Fintech firms such as AQ Metrics are increasing their market share.

Demand for quantitative risk professionals with strong interpersonal skills is greater than the supply. This is resulting in increased salaries and a high level of counter offers in this market.

In Summary:

We predict a busy Q3 with Legg Mason, Principle and Morgan Stanley recently announcing Dublin as their post Brexit European UCITS & AIFM hubs.

Contact:

If you are a risk professional and would be interested in gaining further market information, please call for a confidential discussion on 01 539 0611 or email mark@camden.ie

 

The Future of Transfer Agency

The Future of Transfer Agency

I attended the future of transfer agency event earlier this month. It was organised by Irish Funds and held at Citi Bank.  The event was attended by over 100 transfer agency professionals.

Some of the key positions covered at the event were:

How did you start your Transfer Agency Career?

The number one reason was chance, and I can relate to this as I happened to fall into a similar job within the Fund Services. The main reason for staying in transfer agency was financial and the diverse nature of the job.

Job Title:

This was an interesting topic and it came up around candidate attraction.  When you hear the title Transfer Agent for many people who haven’t worked in the industry they won’t be aware of the role or its duties.  One named proposed to replace Transfer Agency is “Investor Service”. This name  paints a better picture of the position and will assist with attracting graduate and new entrants to the industry.

Technology:

We will see some interesting changes in the next 5 to 10 years and blockchain will have a significant impact on long only Ucit funds. The panel saw blockchain as something to embrace as it will reduce repetitive low value tasks and create high value client centric positions.

Regulation:

Regulation is already having a big impact with Fund Service providers moving away from an end to end investor services model and setting up 1st line AML, FATCA & CRS onboarding teams.  In regard to AML a question was asked “Should the fund service industry set up an AML Open Utility?”

Contact:

If you are a fund service professional and would be interested in gaining further information about a move into a more end-to-end position, please call for a confidential discussion on 01 539 0612 or email dan@camden.ie.

Investment Management Market Update 2018

Investment Management Market Update 2018

Ireland is an established investment management centre with in excess of €250 billion assets under management.

Over the last 6 months we have witnessed an exciting uplift in front office activity and we have put together a brief overview.

With new entrants entering the market, Brexit and recent IDA announcements it’s an exciting time to be working in the investment management space.

Recruitment Overview:

Fineco AM an Italian firm who are part of the Unicredit Group set up a Dublin office late last year.  They have been very active and attracted some exciting local talent at C Level.

Tobam the French Asset Management firm set up their Co Dublin office mid last year and recently hired a quantitative portfolio manager from the Irish Market.

Mediolanum Asset Management hired a Chief Investment Officer and Head of Performance both candidates coming from the London Market.

Fideuram Asset Management hired a high profile Senior Fixed Income Portfolio Manager from the local market.

Comgest Asset Management have hired a Senior Equity Trader from the local market.

Mercer Global Investments has experienced significant growth over the last 12 months and have made exciting additions to their product, client service and risk teams.

Irish Life Investment Managers have promoted internally for index fund manager positions and hired a portfolio construction analyst externally.

Amundi Pioneer look to have selected Dublin as their Global Equity hub which is great for the industry. Fixed income looks to be moving to Paris and with the recent Redundancies announcements there has been very little external recruitment over the last 6 months.

Contact:

If you are an investment management professional and would be interested in gaining further market information, please call for a confidential discussion on 01 539 0611 or email mark@camden.ie.