independent

Wednesday 19 June 2019

Major financial firm sets up in Wexford, creating 50 new jobs

Carne group to create 250 new jobs in the next three years

At the jobs announcement in Clayton Whites Hotel:Minister Michael D’Arcy; John Donohoe, founder Carne Group; Kevin Sherry, Enterprise Ireland; Yvonne Hanley,CEO Ireland, Carne Group; Minister Paul Kehoe; and Pat Lardner, Irish Funds
At the jobs announcement in Clayton Whites Hotel:Minister Michael D’Arcy; John Donohoe, founder Carne Group; Kevin Sherry, Enterprise Ireland; Yvonne Hanley,CEO Ireland, Carne Group; Minister Paul Kehoe; and Pat Lardner, Irish Funds

Simon Bourke

Wexford has received a major boost to its economy following the announcement that 50 new jobs are to created by Carne Group at a new facility in Drinagh.

The largest independent provider of fund management company services in Ireland, Carne Group currently employs more than 50 people at its financial services centre in Kilkenny and is now opening a new centre at The Arc in Drinagh. The company, which was founded in 2004 by John Donohue, is hiring for multiple positions within risk management, compliance and operations and is also looking to recruit IT developers, IT architects, data miners, cyber security experts, financial crime specialists and business analysts.

Discussing the decision to come to Wexford, Mr Donohue said, 'We know there's a massive talent group here in Wexford. Our success is built on good people who provide the skills, knowledge and expertise to drive our business forward. Our experience is that regions such as Wexford have a rich pool of talent that can help us achieve this.'

In addition to the 50 new roles in Drinagh, Carne Group intend to expand their recruitment in Wexford and Kilkenny over the next three years, creating a total of 250 jobs in the South East during that period. Discussing the positive impact on the region, Minister of State at the Department of Defence Paul Kehoe TD said, 'Through its investment in Wexford and Kilkenny, Carne has recognised the talent pool and opportunities that exist in the South East. Thankfully, we don't have to go that far back to see how things have improved for this region. There are now 18,500 more people in employment here than in 2015 when the Regional Action Plan for Jobs initiative was launched. Unemployment in this region has been slashed from 11.7 per cent to 7.7 per cent over that period and this figure is continuing to reduce.'

With ten offices worldwide, in locations including London, New York and Zurich, Carne Group employs more than 220 people globally.

'We're a very innovative company, we attract people who like to do things differently. We're very much a disruptive type company, we analyse situations, and see where people have problems and we come up with solutions,' said Mr Donohue.

Emphasising the knock-on effect to the local economy, Minister Kehoe concluding by saying, 'It is easy to take these sort of announcements for granted. But behind every single job announced today, there is a person and indeed a family. I have no doubt that this firm will build a highly capable workforce drawn from towns and villages in the South East.'

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