- Michael D'Arcy TD has been appointed Minister of State at the Department of Finance and the Department of Public Expenditure and Reform with special responsibility for Financial Services and Insurance. In the Seanad in the previous Oireachtas, he served as Government spokesman on Finance.
June 20th 2017: Wexford TD Michael D'Arcy
has been appointed Minister of State at the Department of Finance and the Department of Public Expenditure and Reform with special responsibility for Financial Services and Insurance.
- Shannon aviation start-up initiative supported by Boeing, Datalex, IASC and DCU
June 20th 2017: Shannon Group plc's International Aviation Service's Centre (IASC) and DCU Ryan Academy for Entrepreneurs have today announced a partnership with global companies Boeing and Datalex to assist new start-up aviation and travel tech companies at Shannon.
- Northern Trust to add 400 jobs in Limerick over the next five years
12th June 2017: The rapid growth of Northern Trust's Limerick operations since it was set up in 2007 is to continue over the next fives years as the Chicago-headquartered bank plans to add 400 new jobs in Limerick. The initial 19 Limerick-based staff has already grown beyond 1000 staff.
- The latest edition of the Finance Dublin announces the annual Finance Dublin Deals of the Year Awards, with 32 winning deals out of a record number of 159 Deals originally nominated
Thirty Two Deals are recognised across the five categories of Mergers & Acquisitions, Equity Capital Markets, Debt Capital Markets, Loans & Financing and Financial Services, out of a record number of 159 Deals originally nominated.
- Finance Dublin Yearbook 2017 marks the 30th anniversary of the establishment of Ireland's International Financial Services Centre (IFSC) in 1987
The annual Yearbook, now in its 24th edition profiles 579 institutions overall, including 500 companies in the Irish IFS industry; It profiles 38 Market Infrastructures, Industry Representative bodies and public sector agencies, including IDA Ireland and the Departments of Finance and the Taoiseach, the Irish Stock Exchange and the Central Bank of Ireland as well as 41 professional services firms servicing IFS in Ireland.
- Department of Finance's Dr Paul Ryan outlines IFS priorities
June 8th 2017: Dr Paul Ryan, director, international financial institutions and international financial services at the Department of Finance addressed the FSI Annual lunch (on behalf of Minister of State Eoghan Murphy who was unable to attend due to political commitments) on IFS2020; Brexit; the 2017 Action Plan; the role of the Central Bank of Ireland and the development of the IFS industry outside of Dublin.
- Pepper Money to Beef up Lending Operations with Launch of New Commercial Products
Brand looks to build on success of mortgage lending by providing alternative loan options for commercial borrowers looking to refinance or acquire new properties
- Irish money messaging App, Plynk, secures €25 million Series A Raise and announces plan to expand in UK and Europe
Dublin, Ireland, June 7, 2017: Plynk, a Dublin-headquartered money messaging app developer, announced a Series A raise of €25 million by private investment trust, Swiss Privee Ltd. The money messaging app, trialled since 2015 in the Irish market, is to expand to the UK and Europe, and consolidates original seed investment funding of €750,000 backed by Enterprise Ireland, Bank of Ireland, Delta Partners, the NDRC and a number of angel investors.
- HSBC's historic Irish connections - from 'Great Architect' to Grand Canal
To mark 30 Years of the IFSC, HSBC Securities Services' Paul Heffernan has traced HSBC's historic Irish connections going back to the late 1880s in Hong Kong, in this article in the 2017 Finance Dublin Yearbook
- IFSC past and Future: David Dillon, Brendan Logue, William Slattery, Michael Cullen, Bertie Ahern, Dermot Desmond.....
The Finance Dublin Yearbook on the IFSC's future and history to date examines some forecasts made at the halfway point - (2003), compares them with what actually transpired, and arrives at some striking conclusions...
- Irish Insurance chiefs set out stall for international insurance and reinsurance industry in 2017 Finance Dublin Yearbook
Insurance Ireland, now incorporating DIMA, asked a number of the leaders in the industry to set out its aspirations for the development of the Irish international insurance industry, including Allianz Home Care's Frank Mee, Zurich's Patrick Manley, Maureen Walsh, CEO, DeCare Dental, and Dirk Ostijn, CEO Metlife Europe DAC.
- Three decades of achievement in funds industry marked by Irish Funds chief in 30th anniversary edition of Finance Dublin Yearbook 2017
Writing in the Finance Dublin Yearbook 2017 Pat Lardner, the CEO of Irish Funds says: 'The main achievements and developments in the funds industry during the 30 year history of the IFSC have centred on the early adoption and implementation of various enabling EU Directives under UCITS and more recently AIFMD. The constant addition and evolution of the fund product offering and speed to market for asset managers distributing funds globally has been instrumental to the success of the industry in Ireland'.
- European Insurance Forum focuses on Ireland as a location for insurance business, as Legal and General signals intent to establish in Ireland as post Brexit EU HQ.
May 25th 2017: A full report on The European Insurance Forum (EIF), the leading conference for the re/insurance sectors, held in Croke Park today will appear in the next issue of Finance Dublin, by Finance Dublin correspondent John Lyons who was at the event. First hosted in 1999, the 2017 event is under the umbrella of Insurance Ireland and 'is a major part of the efforts to promote Ireland as a location for insurance and reinsurance business', said Insurance Ireland head Kevin Thompson.
- China a major theme at Irish Funds annual conference, as delegate numbers surpass 300 in year that Irish industry surpasses €4.1 trillion in assets
At its 19th Annual Global Funds Conference today, Irish Funds, the representative body for the cross-border investment funds industry in Ireland, launched a Guidebook to Irish funds for Chinese Asset Managers in partnership with the Asset Management Association of China (AMAC).
- JPMorgan to expand custody operations in Dublin
JPMorgan will hire a 'significant' number of people for its custody and fund services business in Ireland in the next three years according to James Kenny, the US bank's head of investor services. The move gives further momentum to Ireland's funds industry which has been expected to benefit from funds companies looking to secure access to the EU single market in the wake of Brexit.
- GFCI: Dublin most likely EU centre to become more significant
The latest Global Financial Centres Index (GFCI) rates Dublin as the most likely EU financial centre to become more significant. Overall Dublin is ranked 33rd out of the 88 cities included in the latest Global Financial Centres Index. Within Western Europe Dublin retains 8th position, after London, Zurich, Luxembourg, Geneva, Frankfurt, Munich and Paris. Dublin's best ever ranking was 13th out of 46 centres in 2008/2009