The Programme is led by Financial Services Ireland, the principal trade association for financial services in Ireland. Financial Services Ireland is a sector within IBEC, the Irish Business and Employers Confederation.
FSI are working with two partners to deliver the Programme:
FSI CareerStart is funded by Springboard a new initiative to provide education and training opportunities to support unemployed people. The initiative is managed by the Higher Education Authority (HEA) on behalf of the Department of Education and Skills.
Overview of the International Financial Services sector in Ireland
Banking and Capital Markets
Investment banking and capital market activities include trading debt, equities, fixed income, funds, foreign exchange, commodity and derivative instruments, and the origination of equity finance. With half of the world's top 50 banking institutions located here, Ireland has developed a critical mass in banking expertise and financial services. The sector has specific capacities in debt products, securitisation, and in aircraft leasing.
Investment Management and Administration
Ireland has numerous strengths as a centre for funds administration. In 2008, the Irish funds industry serviced over €1.5 trillion in fund assets. Of this, €825 billion is in 4,800 Irish domiciled funds and €681 billion in over 4,000 non-domiciled funds, mainly in alternative investments.
Typical international insurance activities carried out in Ireland include direct-writing insurance; insurance broking; reinsurance and captive management; risk securitisations and risk derivatives; back office operations; pan-European pensions; treasury and asset financing. Ten of the world's top 20 insurance companies have offices in the International Financial Services Centre (IFSC) in Dublin. The Irish and UK markets are seen as particularly sophisticated in terms of unit-linked products and the reinsurance sector has also experienced strong growth rates in recent years.
FSI CareerStart Programme