Consulate event explores Irish Scottish financial sector links

The Consulate General of Ireland, in partnership with Enterprise Ireland, the Scottish Irish Finance Initiative and the Irish Business Network Scotland, hosted an event to explore and develop links between the Irish and Scottish financial industries on 27 April.

The event brought together some 50 representatives of Edinburgh’s financial sector with Irish financial services companies and members of the Irish Business Network Scotland.

Consulate event brings together representatives of Irish and Scottish financial industries

Opening the event, Consul General of Ireland Mark Hanniffy welcomed guests and explained that Ireland is a globally recognized centre for specialist International Financial Services.

Ireland is home to more than 400 companies active in this area, including some of the world’s largest International Financial Services companies in sub-sectors such as banking, funds, asset management and investment, insurance and reinsurance, fintech and aircraft leasing.

Over 200 Irish-owned companies are at the leading edge of international finance services in a range of sectors including payments, fintech and fund services, and the Consul General welcomed representatives of a number of those companies who travelled from Ireland to attend the event.

Consul General Hanniffy also noted that Scotland is a world leader in asset management, insurance and banking, with upwards of $1 tn of assets under management.

Guests discuss opportunities for collaboration

David Clarke and Colin Imrie of the Scottish Irish Finance Initiative then made the case for increased collaboration between the Irish and Scottish financial sectors in the years ahead, while Dr. Devraj Basu of the University of Strathclyde Business School outlined the particular benefits of partnership in the area of fintech.

Visit the Irish Business Network Scotland website for further information.

See more pictures from this event, see the Consulate General of Ireland Facebook page.