Tuesday 16 October 2018

Financial services tipped as key sector for Ireland / Asia trade

Tánaiste Frances Fitzgerald and Dr Yue Xiaoyong, Chinese Ambassador, at the Asia Matters event. Picture: Mark Condren
Tánaiste Frances Fitzgerald and Dr Yue Xiaoyong, Chinese Ambassador, at the Asia Matters event. Picture: Mark Condren
Ellie Donnelly

Ellie Donnelly

The Irish finance sector is to develop plans to better tap into the growing Asian market, and replicate the successful development of US investment in the sector here.

A strategic report developed as a partnership project between Irish think tank Asia Matters and PwC aims to assist the Department of Finance and IFS Ireland - Ireland's international financial services brand - in coming up with a new IFS 2020 strategy to develop international financial services in Ireland.

Asia Matters executive director Martin Murray announced the plans at the Global Asia Matters Business Summit in Dublin yesterday.

Asia Matters will engage with key stakeholders in Japan, China, Hong Kong and Singapore to produce a new Asian initiative, he said.

Speaking at the Asia Matters summit, Joe Tynan, PwC Ireland Head of Tax, said there were "huge opportunities" for Ireland to become a global trading hub and gateway from Asia to the EU and the US.

Speakers at Asian Matters 2017 included Tánaiste Frances Fitzgerald and Minister of State Michael D'Arcy; Venkatesh Priyadarshi of Tata Ireland; Noriyuki Sato of Mitsui and Dearbhail McDonald, Independent News & Media Group Business Editor.

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