An Irish funds industry delegation led by former Taoiseach (Prime Minister) John Bruton, President IFSC Ireland, has announced the launch of new representative offices throughout Asia.
In a joint venture between IFIA and IDA Ireland, the Irish Government’s inward investment agency, the move means that the Irish funds industry will now have representatives on the ground in Tokyo, and Singapore for the first time.
Ken Owens, Chairperson of the IFIA said: “Asia is a crucial market for Ireland and we believe we can offer the solutions and services required by managers and promoters from the region. The opening of these new representative offices in association with the IDA will play an important role in our efforts to expand business in Asia.”
"Opening these representative offices means that we can be on the ground in two of our key growth markets to promote Ireland as the jurisdiction of choice for internationally distributed investment funds and be on hand to assist managers looking for the product solutions and expertise Ireland can offer in an ever changing global regulatory landscape,” he added.
Kieran Donoghue, Head of International Financial Services at IDA Ireland said: "The initiative is part of our on-going commitment to the further development of the international financial services sector and to the principle of Open Innovation set out in our Strategy Horizon 2020."
IFIA representative offices were opened in June in Chicago, Boston, Atlanta and London when the new partnership with IDA Ireland was first revealed. Other offices throughout the world are also being planned.
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