The Irish funds industry
Increased cost competitiveness and enhancements in operating models have created unique opportunities for fund administration companies in Ireland and the funds they serve around the world.
The Irish funds industry has seen significant benefits from increased cost competitiveness while at the same time clients are benefiting from a higher and more consistent level of service delivery due to enhancements in the operating models of fund service providers.
In this paper we consider the key cost drivers that affect fund servicing companies including staff costs, rental costs and other business expenses such as professional fees. We will also consider some of the key drivers of staff productivity.