Wednesday, 30.09.2009
Finance firm and bathroom company to create 90 new jobs

Ninety jobs are to be created after a financial services and luxury bathroom firm today revealed major investments.<br /><br />Tánaiste Mary Coughlan announced Butterfield Fulcrum, a leading fund administration business, will create 40 jobs over three years at its Dublin office.<br /><br />The Leeson Street base will support investment schemes in Ireland or offshore, including valuation, accounting, transfers and a share registry.<br /><br />The Tánaiste, who used the announcement to call for Lisbon Treaty support, said it showed Ireland's reputation as a leading location for the financial sector continues to attract high calibre companies.<br /><br />"Approval for the Lisbon Treaty will further enhance Ireland's position as a leading location in Europe for foreign direct investment from all industry and business sectors," she said.<br /><br />Meanwhile, two bosses from a bathroom suite firm which went bust earlier this year have re-entered the business with a new investment, Inver Bathrooms.<br /><br />John O'Loughlin and John Byrne, from the closed Qualceram Shires business, will take on 50 staff at its Wicklow base.<br /><br />Inver will distribute and market a range of suites in Ireland, the UK, the Gulf states and the US.<br /><br />O'Loughlin, Inver Bathrooms chief executive, said it is an exciting venture.<br /><br />"We established Qualceram in 1988 in what were very challenging economic conditions, and managed to bring that company to a peak where it employed 1,150 employees with a turnover exceeding €100m," he said.<br /><br />"While economic conditions are currently even more challenging, we have high ambitions for Inver Bathrooms and expect to be a driving force within the market."<br /><br />Inver will focus on the luxury end of the bathroom market.