Revealed: The reason Carne chose Kilkenny for its centre of excellence and 50 jobs

The jobs have been described as "high quality"...

Darren Hassett

Reporter:

Darren Hassett

Email:

darren.hassett@kilkennypeople.ie

Reavealed: The reason Carne chose Kilkenny for its centre of excellence and 50 jobs

The announcement at the Lyrath Estate Hotel

Carne, the Irish-founded provider of fund management company solutions to the asset management industry, last week confirmed it is to create 50 “high quality” jobs in Kilkenny.

The office in the Danville business park in Kilkenny City currently has six employees with a further 40-50 expected to be hired in the next 12-18 months as the company sets up a new regulatory technology, development and operations centre of excellence in the county.

The jobs are management and graduate positions in compliance, risk management, technology and operations.

On why the company chose Kilkenny, founder and CEO of Carne, John Donohoe, said: “Infrastructure is really important, roads, access, internet, but really it’s all about people and the availability of talent. It’s a big win/win situation.”

At the jobs announcement in the Lyrath Estate Hotel last Friday, Minister of State for Trade and Employment, Pat Breen, said: “This is a vote of confidence in Kilkenny and the South-East. These are high quality jobs.”

Founded in 2004 by Mr Donohoe, Carne is the largest independent provider of fund management company services in Ireland and a leading global provider with assets of more than $60bn under management.

The organisation has more than 400 clients and employs 150 people currently.

Carne has nine offices spread across major fund domiciles and asset management locations including Ireland, the United States, Luxembourg and the United Kingdom.

The expansion enables Carne to further strengthen its client offering in the investment fund governance solutions sector as it experiences rapid growth due to greater regulation and increasing demand from investors for independent oversight of assets.

Recruitment for the new positions is now underway. For more information on the roles, please visit www.carnegroup.com