Banking & Financial Services

INTERNATIONAL FINANCIAL SERVICES 

Aviation, Banking, Financial Services, Insurance, Investment Funds

Talented people are the key to success

Head Hunt International is proud to provide the best and most talented financial services professionals to companies in Ireland and around the world helping them have the most competitive advantage. Our unrivalled network of financial services clients links talented candidates with great job opportunities worldwide.   

Financial Services in Ireland today 

Experience and expertise sum up the key reasons why Ireland is regarded as a key strategic location by the world’s leading players. Financial services in Ireland plays a vital role in the economic, social and cultural success of Ireland today.

Ireland’s financial services and banking recruitment market is buoyant in 2017 with shortages in compliance, cybersecurity, data analytics, big data, devops engineering, digital marketing, finance, financial accounting, funds accounting, funds administration, HR,  regulatory,  risk analysis, software development Scala/Java and software sales 

Due to the lack of experienced professionals in Ireland overseas experienced candidates in these sectors are in high demand and commanding high salaries. 

Firms are also looking at staff retention and paying in line or above market rate. .

With Brexit rapidly approaching  we see an increased demand for financial services talent .

Ireland's competitive advantage 

Ireland's key competitive advantage is our young, highly skilled and talented workforce with expertise across all of the key areas of International Financial Services, both long-established activities and more recently emerging ones. We are also the only English speaking country in the EU and Eurozone with a strong track-record of working closely and successfully with businesses at Government and State Agency levels

Our people provide the impetus for best-in-class companies to locate and operate their global networks here in Ireland.

Educated Talent Pool

More than eight out of 10 of those employed in the sector have at least a Bachelor’s Degree. Most work in insurance, banking and fund management. However, there is also a large Financial Services sector supporting a multitude of operations in Ireland, ranging from lawyers and accountants to IT providers.

International Financial Services in Ireland 

400+ Companies located in IFS with 200 Irish Owned

12,500+ employed in Dublin

25,500+ employed Outside Dublin

No 1 Location for Alternative Investment Funds

1,100+ Funds

3.8 Trillion of Assets under Administration

 Our Talented, flexible & Adaptable People 

1st in the World for the flexibility and adaptability of People  (IMD World Competitiveness Yearbook 2016)

1st in the World for Finance Skills (MD World Competitiveness Yearbook 2016

 

Why Ireland? 

4th Largest Exporter of Financial Services in EU

No 1 Location worldwide for Alternative Investment Funds

Over 1,100 funds and promoters from 50 countries

3.8 trillion of Assets under Administration

8 of the top 10 Global Aviation Lessors based in Ireland

60% of the world’s leased commercial aircraft owned or managed from Ireland

A significant location for payments technologies with 25 payment companies

8 of the top 10 Global Aviation Lessors located in Ireland

50% of the world’s leased Commercial Aircraft owned or managed from Ireland

25 payments companies located in Ireland employing 2000+ people 

Financial Services Hub

Dublin acts as the main hub, the Financial Services sector has many operations spread throughout Ireland from Letterkenny to Cork, Galway to Kilkenny and Limerick to Waterford.

Dublin is the main centre of Ireland’s Financial Services sector, where activity is focused around the Irish Financial Services Centre (IFSC). Established in 1987 by the Irish Government, the IFSC houses some of the world’s premier Financial Services institutions. A sophisticated support network including accountancy, legal actuarial, taxation, regulatory and telecommunications has grown up around it.

Skills Base 

The Summit Finuas Network is focused on maintaining Ireland’s position as a top international Financial Services centre through ongoing investment in the development of the necessary skills and expertise. The network is led by a steering group, which includes member companies and financial services industry associations.

International Investment Funds Expertise

With over 13,000 professionals employed exclusively in the servicing of investment funds the Irish funds industry has developed a centre of excellence-with-expertise that spans a wide range of services Fund administration, transfer agency, custody, legal, tax and audit services, stock exchange listing, plus compliance and consultancy services 

Ireland is the seventh largest provider of wholesale Financial Services in the EU.  With more than 500 financial institutions,  Ireland has become  a world-leading centre for a variety of activities ranging from fund administration to aircraft leasing.

Aviation Leasing

1,200 people both directly through the leasing companies, and indirectly through legal, tax, audit and other professional services linked directly with the industry.

Irish lessors manage more than €100 billion in assets
22% of the global fleet of aircraft and over 40% of the world’s fleet of leased aircraft.

Ireland has 14 of the top 15 lessors by fleet size

Activities spanning the industry value chain, including sales and re-marketing, asset management, technical services and oversight, securitization, accounting and legal.

Insurance in Ireland

230 insurance businesses operating in Ireland employing more than 28,000 people directly and indirectly.

The Insurance industry in Ireland

Holds 200 billion Euro in assets in Ireland.

Invests 35 billion Irish infrastructure and government debt

Generates 32 billion premium income from domestic and international customers

Cross-border life insurance business written in Ireland amounts to over 20 billion each year 

Ireland’s Key Economic Attractions

12.5% corporate tax and Government commitment to sustain this rate
0% VAT on international aircraft leasing
Availability of over 72 double taxation agreements
On-shore location (member of the EU and OECD)
Tax depreciation (Capital Allowances) for the cost of equipment and plant & machinery (which includes aircraft and aircraft engines) over 8 years
Extensive range of exemptions provided for from withholding tax on interest and dividend payments and no withholding taxes on lease rentals
No stamp duty on instruments transferring aircraft
Irish Economic Recovery – increasing attractiveness of Ireland as a location for FDI

Industry News

In 2014, AerCap acquired ILFC from AIG. AerCap paid AIG $3 billion in cash as well as a significant ownership position in AerCap's ordinary share capital. The acquisition brings AerCap’s fleet to over 1,300 aircraft, with a further 400 on order, making it the largest independent lessor in the world, and the second largest lessor in the world after GE Capital Aviation Services (GECAS). AerCap chose Ireland as its global operations headquarters and now has two offices (Shannon & Dublin) with over 120 staff in Ireland.

In 2012, a consortium led by Sumitomo Mitsui Banking Corporation (SMBC) established its global aviation business headquarters in Ireland (SMBC Aviation Capital) via the acquisition of RBS Aviation in a deal worth more than $7 billion.