Alter Domus opens International Centre of Excellence in Cork
March 30th 2017: Fund and corporate services provider Alter Domus has opened its second Irish office in Cork, adding 60 jobs to the Luxembourg-based firm's Irish headcount. Alter Domus was established in Ireland in 2011 with its Dublin office experiencing strong activity in aircraft leasing, private equity, real estate and debt. The company says it is also continuing the expansion of its Dublin operations.
Speaking at the launch event Minister Mary Mitchell O Connor said: "This is a great win for Ireland and for Cork and adds to the existing hub of financial services companies. Ireland remains a committed member of the EU, benefitting from the many advantages that EU membership brings, including bilateral trade agreements with 3rd countries providing market access opportunities and a common predictable legal and regulatory framework. I'm confident that you will have no difficulty sourcing the skills you require for your International Centre of Excellence and I look forward to watching you grow in the coming years."

Minister of State for Financial Services, Eoghan Murphy said: "I welcome today's announcement by Alter Domus, not only for choosing to increase their specialist operations in Ireland, but for their foresight to expand into Cork. It perfectly illustrates the IFS 2020 priority to highlight the added-value of distributing operations both in Dublin and regional locations. I look forward to continue working with the IDA to promote the talent, connectivity and competitive offering to be found in our regional financial services hubs."

James McEvoy, Country Executive Ireland commented. “Today, we are delighted to now be able to offer Fund Administration services specialising in private equity, real estate, infrastructure and debt and further, to announce the opening of our International Centre of Excellence in Cork with the creation of 60 new jobs, while we continue to expand our operations in Dublin providing Corporate and Fund Services.”

Laurent Vanderweyen, CEO of Alter Domus commented “Ireland is an attractive jurisdiction for Alter Domus to further expand, Dublin already being a popular investment structuring destination for non-European fund managers, particularly from the US, looking for an entry point into the European market. Alter Domus, as a well-established provider in the alternatives domain across continental Europe, recognises the strategic importance of further building its presence in Ireland as this jurisdiction continues to attract interest from our clients in North America, the United Kingdom and beyond.”

Welcoming the announcement CEO of IDA Ireland Martin Shanahan said: “It is fantastic to see Alter Domus expanding its footprint in Ireland with the opening a second office in Cork. As a committed member of the EU, Ireland has a lot to offer with a proven track record with international financial services and a strong commitment to the single market. We look forward to working closely with the Alter Domus as they continue to grow their business in Ireland.”