Monday 18 December 2017

Grant Thornton sets up Irish business team in New York

Grant Thornton on City Quay Photo Steve Humphreys
Grant Thornton on City Quay Photo Steve Humphreys
Peter Flanagan

Peter Flanagan

GRANT Thornton is launching an Irish business team in the US, as it seeks to tap into US businesses and individuals with interests in Ireland.

In a statement, the accountants said it had set up an "Irish Business Group" based in the firm's New York practice.

The group will offer services to US-based clients with, or planning, Irish or European activities and operations. It will also focus on supporting Irish companies with significant investments in the United States, the firm added.

Group director Dara Kelly said the move was aimed at helping US citizens to negotiate Irish and European regulations.

"Ireland is a fantastic location for US companies to do business. US firms have invested $130bn (€105m) in Ireland in the past five years – more than the previous 58 years combined.

"Even with the communications links that exist between the US and Ireland, there is nothing that beats having boots on the ground, and the Irish Business Group will ensure clients have the face-to-face presence they require."

Former Taoiseach John Bruton, who formally launched the office, said he was "confident" the group would facilitate two-way business for Grant Thornton as well the US and Irish economies.

Grant Thornton is the latest Irish firm to seek to tap into potential investors from overseas, following a succession of legal and consulting firms.

Irish Independent

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