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We are a chartered accountancy firm offering a wide range of services in the Dublin area.
HSBC to move US fund services to Dublin
The financial services giant based in Hong Kong are to make 200 U.S. staff redundant when they move a significant proportion of US fund services to Dublin. The move is likely to result in a recruitment drive in Dublin but the number of positions created is expected to be considerably less than the 200 lost in the U.S.
The company hopes the move will reduce bureaucracy, improve efficiency and lower its cost-base.
The U.S. have introduced the Dodd-Frank bank reforms to control the behaviour of banks.
Many banks are looking to countries like Ireland so that a portion of their business is beyond the regulatory control of the U.S.