Aztec is building its team in Ireland with the establishment of a hub in Co. Kilkenny’s historic Marble City.
International fund administrator Aztec Group is establishing a presence in Ireland with the opening of a new operation in Kilkenny.
Founded in 2001 in the Channel Islands, the Aztec Group is an independent, owner managed, fund, corporate and depository services firm. Aztec employs more than 1,800 people globally across offices in Jersey, Guernsey, Luxembourg, the UK and the US.
“Our vision is to be a leading global provider of administration services to the alternatives industry – our move into Ireland is a significant step forward in making that vision a reality”
A recruitment drive is now underway to build a team of approximately 30 over the coming months.
The roles span the areas of private equity, real assets and private debt focusing predominantly on accounting and administration, but also including roles in the areas of loan administration, banking and payments, corporate services, tax accounting and company secretarial.
Ireland’s financial services prowess
As part of its expansion into Ireland, Aztec will be licenced to provide fund administration and depository services, subject to regulatory approval.
In his new role as Head of Ireland Fund Services and Group Head of Private Debt, Kevin Hogan will lead the growth and development of Aztec’s presence in Ireland and is also responsible for the continued success of its Private Debt business. Prior to joining the Aztec Group, he spent seven years at State Street, latterly as Head of Product for the Alternatives business in EMEA.
“The regulatory landscape makes it an attractive place to do business for the sector and, with the growth in private markets which is forecast to continue, it is the right time for us to expand into Ireland. We also believe Kilkenny is the ideal location for us to attract the talent we need over the coming months and years.”
Aztec CEO, Edward Moore, added: “Having expanded across Europe and into North America in recent years, I am incredibly proud that Aztec has now added Ireland to our growing international footprint.
“While we may be new to the jurisdiction, our experience built up over more than 20 years serving the European alternative investment industry – coupled with the leadership Kevin will bring in Ireland – means we’re perfectly placed to support both new and existing clients here.
“Our vision is to be a leading global provider of administration services to the alternatives industry – our move into Ireland is a significant step forward in making that vision a reality.”
Interim CEO of IDA Ireland Mary Buckley said: “Aztec Group’s decision to expand into Ireland is terrific news for the Kilkenny and the South-East Region’s well established IFS cluster. Total employment in IDA client companies in Ireland now stands at 301,475, which is a 9% increase on our 2021 figures. 242 investments were won in 2022 with 127, including Aztec Group, going to regional locations. I wish the team every success with this investment.”
The news was also welcomed by Minister for Enterprise, Trade and Employment Simon Coveney, TD. “I’m delighted to hear Aztec Group’s announcement that they are expanding into Ireland and establishing a base in Kilkenny City. This is great news for Kilkenny and also for Ireland’s overall offering for foreign direct investment. The Aztec Group are leaders in their field and news of the creation of 30 jobs in their Kilkenny Hub is a fantastic boost, and I hope a sign of things to come. I’m sure they will have no problem filling the new roles with the wealth of talent in the area.
“The very best of luck to all the team.”