Govt plan to grow international financial services jobs
The Irish government has launched a new strategy to increase employment in the international financial services sector to 70,000 by 2030. The plan emphasizes digital transformation, including AI and tokenization, while aiming to distribute jobs more evenly across the country.
Why it matters
This strategy highlights Ireland's ongoing effort to maintain its status as a major global financial hub amidst rapid technological shifts and international competition.
The Government has today launched a strategy to grow employment in the international financial services sector to 70,000 by 2030, with one in four of the jobs located outside of Dublin.
The sector's 600 firms currently employ around 61,000 people across the country.
The Ireland for Finance Strategy contains 31 actions designed to cut red tape, strengthen Ireland's competitiveness as an international financial services centre, and support innovation.
The plan contains a major focus on technology and digital transformation, including AI, digital assets and tokenisation.
Under the strategy, a new Digital Assets Industry Group will be established, while legislation will be reviewed to support areas including tokenised investment funds.
Ireland is currently the fourth-largest exporter of financial services in the EU and is a major European centre for funds and asset management, aviation finance, insurance, banking and capital markets.
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