Minister of State for Financial Services, Robert Troy TD, is in New York this week to lead a trade mission aimed at advancing Ireland’s international financial services sector. The delegation includes representatives from the Department of Finance, Enterprise Ireland, and the IDA.
A key focus of the mission is to gather insights for the next version of the Ireland for Finance strategy, a government-wide initiative to develop the financial services sector. The public consultation for this new strategy, which will cover the period from 2026 to 2030, is currently underway.
Ireland’s international financial services sector is a major economic driver, employing over 60,000 people. Notably, one in four of these jobs are located outside of Dublin. Since 2015, the sector has seen a 50% increase in employment and has contributed over €6 billion in tax revenues annually since 2021.
Commenting on the mission, Minister Troy said:
“New York is a globally recognised hub for financial services, and home to the headquarters of many firms with significant operations in Ireland. Our international financial services sector has been a true success, becoming a destination of choice for some of the biggest names in banking and payments, funds and asset management, and insurance. With the pace of technological development in the sector, Ireland is, and will be, a key beneficiary given our strength and cohabiting of major tech and financial services firms.
This trade mission to New York to meet with global firms investing in Ireland, as well Irish firms exporting to the United States, is incredibly timely. Both as a result of the changing geopolitical landscape, and the development of the next Ireland for Finance strategy. I am looking forward to listening and engaging, to ensure that the next version of Ireland for Finance takes us through to the end of the decade and beyond.”
Technological innovation applied to financial services has created a wave of disruptive activity that will change the shape of the global financial system over the next decade. This has created demand from graduates and employees for programmes specifically tailored to the skills required for a changing financial services industry.
