Deutsche Bank is transferring its European hedge fund administration business to Dublin, Ireland, FINalternatives reports. It will shift between 75 and 100 employees to the city and is planning to expand over the next three to five years.

The Deutsche Centre of Excellence will service both onshore and offshore funds and will not necessarily be domiciled in Ireland. State Street, Citi and Bank of New York Mellon have also set up ventures in Ireland.

Click here for the story from FINalternatives.

Click here for additional coverage from Irish Independent.