Dutch fund administrator Intertrust has moved into the Australian fund market and created 60 new roles in Ireland, signalling a bold approach under the stewardship of its new head of strategy.
Intertrust has announced it will acquire Seed Outsourcing, a boutique Australian corporate and fund services firm for private equity and real estate managers.
Simultaneously, the fund administrator announced plans to create 60 new financial services jobs in Dublin, marking the latest provider to expand their presence in the country.
“Intertrust is very committed to growing our team and service offering in Ireland. The opportunity to recruit up to 60 new staff over the coming years reflects that continued commitment,” said Imelda Shine, managing director for Ireland, Intertrust.
The moves follow the recent appointment of James Nolan from Dutch telecommunications company Veon as group head of strategy and merger and acquisition (M&A). Nolan led the M&A business at Veon and at Dutch healthcare technology provider Royal Philips.
Intertrust has made a number of high-profile appointments since it brought on JP Morgan’s former global head of fund services, Stephanie Miller, as its chief executive officer in December.
In March, it brought on James Ferguson, the former global head of alternative fund services and colleague of Miller’s at JP Morgan, as head of Americas.
Most recently, it appointed Michael Secondo as a commercial director in New York. He was previously a senior vice president of business development for US Bancorp Fund Services.