Funds Industry Report - Flipbook - Page 16
Vanora Madigan DMS Governance
framework. To meet this volume of data
ing Environmental, Social and Governance
production and transparency RegTech and
(ESG) issues into portfolio management and
FinTech start-up rms are providing value
the improvement of risk adjusted long term
add solutions and their innovative approach
nancial returns.
have become essential to the Irish fund’s eco-
investors and pension funds had led the
system.
focus on ESG factors however investors and in
Traditionally institutional
particular millennials are seeking out transLooking forward as part of Brexit planning
parency
in
investment
processes
and
strategies Ireland is well positioned as a fund
demanding sustainable investment prod-
domicile of choice being English speaking
ucts. Europe has led the way when it comes
and governed by common law. Furthermore,
to ESG and Ireland is committed to its posi-
as Ireland remains a member of the Europe-
tioning as a sustainable investment centre.
an Union it acts as a key gate way for the
distribution of funds throughout the EEA. We
The funds industry is a signicant employer
expect to continue to see a rise in newly
across Ireland with over 16,000 professionals.
authorised rms in the industry in particular
Firms setting up an Irish operations or look-
asset managers which demonstrates com-
ing to expand their Irish substance are devel-
mitment to the Irish market.
oping locations outside of the greater Dublin
area with current operations spread across 10
As part of the Government’s “Ireland for
counties. The DMS expansion of our Cashel
Finance” strategy for the further develop-
location demonstrates our commitment to
ment of the International Financial Services
the area and the regionalisation of the indus-
(IFS) sector in Ireland we anticipate the
try. Finally, career mobility is an important
enhancements to the Investment Limited
consideration in retaining and attracting
Partnership
Ireland’s
staff and professionals moving between roles
attractiveness for establishing Private Equity,
and locations bring with them their wealth of
Real Estate, and Inf rastructure funds being
experience and knowledge. These compli-
the preferred fund type for asset managers in
mentary skills are valued in their new roles.
this space. The proposed legislative reforms
Upskilling and reskilling initiatives provides
will align the Partnership to similar European
professionals with the tools to adapt to the
structures and increase our competitiveness
evolving regulatory and technology environ-
as a global fund domicile of choice.
ment. Agile and exi working arrangements
(ILP)
will
improve
made possible by advancements in technoloSustainable growth has become a focus for
gy have become an essential part of rm’s
investment companies and has rapidly risen
core offerings which in turn can lead to better
up the agenda of regulators, policy makers,
client servicing as clients can be serviced real
and investors alike. There is growing recogni-
time.
tion in the industry of the link in incorporat-
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