Expansion to create 15 new jobs for INDOS

ENNISCORTHY received a jobs boost this week after it was announced that INDOS Financial Ireland is to double its operations in the town and create up to 15 new jobs over the next two years. The company, which has been operating in Enniscorthy since December 2013, has moved to a new premises at the Kelly Building in Slaney Place, which previously housed the production operation for The Echo newspapers.

The company, which is headquartered in London, was delighted to officially open their operations in Slaney Place on Friday and Minister of State at the Department of Finance Michael D’Arcy was present to congratulate them on their success.

INDOS specialises in providing independent depositary services to alternative investment funds and the Irish office, jointly led by Padhraic McLaughlin, formerly of Citi Hedge Fund Services, and Micheal Reddy, formerly of IFS and BNY Mellon, is the core operational hub for the business, with the team performing fund oversight duties on behalf of its UK parent. INDOS currently employs 30 staff, of which 16 are based in Enniscorthy.

Speaking at a visit to the company’s new Enniscorthy office last week, INDOS founder Bill Prew said: ‘We are delighted to be expanding into new, larger premises in Enniscorthy. Since 2013 we have built a strong team who enjoy an excellent work/life balance, whilst developing professionally through exposure to the variety of funds we service. We are committed to Enniscorthy as our base in Ireland and look forward to our continued growth here.’

This commitment was something which was warmly welcomed by Minister D’Arcy. ‘It demonstrates the company’s commitment to Enniscorthy and Co. Wexford and is testament to the availability here of well educated and experienced staff for the financial services sector,’ he said. ‘I congratulate Bill and his team and wish them continued success in their operations here in County Wexford.’

Similarly IDA Ireland’s Head of Financial Services Denis Curran asid that it was a ‘real vote of

Brendan McDonald, IDA’s Regional Business Development Manager, South East Region; Michael Reddy, Manager, Depository Services, INDOS Financial; Minister Michael D’Arcy, Bill Prew, CEO of INDOS Financial & Denis Curran, IDA’s Head of Financial Services...