Minister D'Arcy addresses senior executives from the UK and Ireland's financial services sector to strengthen industry ties

16th November, 2018

Quaternion and Minister
At the Enterprise Ireland Financial Services Dinner in the Irish Embassy, London on 15th November 2018 (l-r); Kevin Sherry, Enterprise Ireland, Michael D’Arcy TD, Minister for Financial Services and Insurance, Neil Ryan, Quaternion and Laura Craft, AcadiaSoft.

Over 80 senior executives representing financial services and technology companies from Ireland and the UK, gathered in the Irish Embassy in London last night for Enterprise Ireland’s 13th annual financial services dinner. The event is an important platform to strengthen and deepen business relationships between the Irish financial services industry and some of the UK’s leading financial institutions.

Michael D’Arcy TD, Minister for Financial Services and Insurance addressed the event, focusing on the importance of strengthening ties between both nations and to promote Ireland’s IFS2020 strategy.

Addressing the event, Minister D’Arcy said; “The Government recognises the significant opportunities for Ireland in fintech and financial services. The UK, and London in particular, will remain a significant global hub for the sector. Our long track record in both technology and financial services means Irish companies are offering compelling solutions for customers in the UK and beyond. Driving continuous innovation and research in the international financial services industry is a key priority for my Government.”

“Ireland’s Financial Services Strategy (IFS 2020) gives a clear and coordinated direction for Ireland as a financial services centre and is supported and driven by all relevant public and private stakeholders.”

Speaking at the event, Kevin Sherry, Director Global Business Development, Enterprise Ireland said; “Ireland’s strong international reputation as a source of financial services and fintech innovation has led to Irish companies in this domain becoming global leaders. Winning business at an unprecedented rate, Enterprise Ireland clients in this sector generated exports of almost €700 million last year, up 11% on 2016 and experienced growth in the UK at 8%. Despite the challenges of Brexit, our clients’ business relationships with their UK partners is, and will remain hugely important. Enterprise Ireland’s annual financial services dinner in London, provides an important platform to reaffirm this position, and support our clients to innovate, scale and thrive in the UK, the world’s largest and most competitive financial services market.”

Among the senior executives from Irish technology and internationally traded services organisations at the event were representitves from Irish risk analytics firm Quaternion Risk Management Ltd. which yesterday announced 20 jobs as a result of a partnership with AcadiaSoft Inc.and through investment by Enterprise Ireland. AcadiaSoft is the leading industry provider of margin automation solutions worldwide.

ENDS

For further information, please contact:

Grace Labanyi

Corporate Communications

Enterprise Ireland

Grace Labanyi

01 727 2820

Conor O'Donovan

Head of Communications

Enterprise Ireland

Conor O'Donovan

087 9671342