Irish Funds Market Update Q2 2021

Irish Funds Market Update Q2 2021

Recruitment activity was at an all-time high in quarter 2 and we were delighted to see the return of alfresco meetings.

It is a candidate driven market with candidates spoilt for choice and receiving multiple offers from employers of choice.

What is driving recruitment activity?

• The new entrant management company space shows no sign of slowing down.
• CBI requirements for increased substance is still a big driver, existing firms with substantial Assets Under Management built out experienced teams to support their Designated persons in Quarter 2.
• There was a significant increase in fund risk, compliance and investment management mandates available in Quarter 2. We are now fast approaching a time where the demand for talent outstrips supply. The PCF Compliance market in particular is extremely tight.
• US Investment Management firms who plan to grow AUM in Europe setting up or expanding operations in Ireland.
• Global Assets under Management continue to grow and as a result of this there was a significant increase in revenue generating mandates in quarter 2
• Several Private Markets fund administration new entrants on the back of the Investment Limited Partnership (Amendment) Bill 2020. The sector experienced a surge in senior level recruitment activity across fund accounting, investor services and depositary in Quarter 2.
• Distribution is one of the most exciting careers emerging post Brexit and there was a significant increase in distribution mandates in Quarter 2.

Who hired externally in Quarter 2?

• Carne – Head of Business Development
• Mercer – Head of Data
• LGIM – Senior Investment Risk Manager
• Fineco – Fixed Income Portfolio Manager
• Tobam – Multi Asset Portfolio Manager
• PIMCO – VP Trade Compliance
• Invesco – Head of Compliance
• Pinebridge – VP Product Governance
• Maples Fund Management – VP Fund Risk

ABOUT US:

Camden is a boutique recruitment consultancy focusing on long-term relationships.
We offer our clients expert advice on all aspects of recruitment.

If you would like to arrange a call, contact Mark Stephens at mark@camden.ie.