Waystone to create 100 jobs in Tipperary

Expansion will substantially increase Waystone’s Irish workforce.

Waystone, a provider of institutional governance, risk, administration and compliance services to the asset management industry, is to create up to 100 additional new roles in Cashel, Co. Tipperary.

The newly created Cashel-based roles will span global operations and support functions with services including KYC & MLRO, Regulatory Reporting, Tax Reporting, Fund Registration, Corporate Secretarial, People & Development, Finance, Operational Risk, Compliance Services, Fund Administration, Relationship Management, Project Management, Client Onboarding and Corporate Solutions.

“Waystone’s Cashel-based operation is central to the Group’s international growth strategy and the quality of people we have employed has made our commitment and growth in Tipperary a very easy decision”

This project is supported by the Irish Government through IDA Ireland.

Way to grow

“These additional jobs will be a welcome boost to Co. Tipperary and will increase the Cashel headcount to nearly 200 employees,” said Minister for Trade Promotion, Digital and Company Regulation Robert Troy, TD.

“The successful growth that Waystone has experienced in recent years is reflective of the wealth of highly skilled and talented people that the Mid-West region and Ireland more broadly has to offer. I wish the team every continued success in this new chapter.”

The company says the Cashel operation is central to the evolution of the Waystone Group and will continue to grow and deliver operational scale while continually attracting and developing talent from across the region. The announcement reflects Waystone’s significant growth over the past year and the broadening of its service offering including the launch of Waystone Compliance Solutions and its recent agreements with KB Associates and Centaur Fund Services, both of whom are headquartered in Ireland.

Waystone recently re-opened its operation in Cashel following an extensive refurbishment and expansion project with the addition of 4,500 sq ft of space, bringing its total floor space to 11,000 sq ft.

The project included a significant upgrade of facilities and branding throughout and is designed to accommodate its growing staff numbers with a view to the job creation announced today. Over the next 18 months the new roles will bring Waystone’s headcount in Cashel to approaching 200.

“Ireland has a strong and globally-recognised international funds and financial services industry with a wealth of highly-skilled professionals and we are delighted to be able to continue our expansion in Tipperary with the announcement of up to 100 new roles covering a wide array of financial services disciplines,” said Nick Wheeler, global head of Centralisation at Waystone.

“Waystone’s Cashel-based operation is central to the Group’s international growth strategy and the quality of people we have employed has made our commitment and growth in Tipperary a very easy decision. Our Cashel operation reopened last month following a 4,500 sq ft expansion and refurbishment providing us with significant room for future growth.  The facility now provides our growing workforce with a high-grade, flexible workspace and feedback from staff has been extremely positive.”

Earlier this month, Waystone announced that its Dublin headquarters would be moving to a new flagship location in Dublin 4 later this year, where it will occupy four floors and 52,000 sq ft of space in the prestigious 35 Shelbourne Road development. 

Waystone now has a presence in three locations in Ireland; its headquarters in Dublin, a Centre of Excellence in Cashel and more recently, Maynooth, following its agreement to come together with Centaur Fund Services.

Main image at top: Derek Delaney, CEO Waystone, Minister Seán Fleming and Maeve McConnon from IFS

John Kennedy
Award-winning ThinkBusiness.ie editor John Kennedy is one of Ireland's most experienced business and technology journalists.