John Bruton urges US fund managers to consider Ireland for green asset management
Published in Business and Leadership
March 15, 2013
At a press briefing of more than 90 journalists, Bruton, who is president of IFSC Ireland, said the GIFSC would be holding a series of events in Chicago, Boston and New York in June targeted at asset managers, private equity and venture capitalists.
Former Taoiseach John Bruton announced details in New York today of a US roadshow in June for the Green International Financial Services Centre (GIFSC).
“I urge global investment fund managers in the area of green, clean tech and sustainability who are considering Ireland as a base or servicing centre to come along and hear about Ireland’s unique proposition as the number one location globally for green finance,” he said.
GIFSC is a public/private initiative tasked with the positioning and promotion of Ireland as the world’s leading centre of excellence for green finance.
Bruton explained that research showed that GIFSC and green financial services could generate close to 900 jobs alone in the years ahead.
Last March at the New York Stock Exchange, GIFSC launched the Global Green Asset Management Network revealing its plans to increase Ireland-based assets serviced or managed in ‘green funds’ from today’s US$20bn to $200bn by 2017.
“Underpinning GIFSC’s goal to become a global leader in green asset management is Ireland’s world class international financial services centre, one of the best business environments in the world, a wealth of natural resources, innovative green economy companies with global networks, a supportive Government and an emerging talent pool of green finance specialists,” said Mike Hayes, chairman of the GIFSC’s Global Green Asset Management Network and a partner at KPMG.
“Together these unique selling points provide all the ingredients needed to enable Ireland to emerge as the global leader in green finance.
“Today Ireland is rapidly emerging as a global centre for green asset management funds. In many ways, this is similar to the way in which Ireland has become the leading location for aircraft leasing globally.