Minister for Finance: Paschal Donohoe TD; Minister of State with special responsibility for Financial Services, Credit Unions and Insurance: Sean Fleming TD; Dr Paul Ryan, Director, International Finance Division; Karen Cullen, Principal Officer, International Financial Services, Risk and Compliance Unit.
The Government’s ‘Ireland for Finance’ (launched in 2019) is a strategy to develop and grow Ireland’s international financial services industry for the period to 2025. Ireland for Finance is implemented through a series of Annual Action Plans that collectively work towards the vision of making Ireland the top-tier location of choice for specialist international financial services and to enhance and protect competiveness.
Implementation of the Ireland for Finance Strategy and the annual Action Plans is driven by a public sector High Level Implementation Committee (HLIC). The Minister of State chairs the public sector High Level Implementation Committee, which meets on a quarterly basis as a standalone committee. The High Level Implementation Committee provides strategic leadership to continue the development of the international financial services sector and ensures coordinated, timely and effective implementation of the strategy.
The Industry Advisory Committee (IAC) is composed of representatives of leading Irish and International Financial Services companies from a broad range of financial services sub-sectors with diverse experience and perspectives. The IAC meets quarterly on a standalone basis.
The High-Level Implementation Committee and the Industry Advisory Committee meet quarterly as the Ireland for Finance Joint Committee to review progress and consider new ideas.
Current HLIC membership:
Sean Fleming TD, (Chair) Minister of State for Financial Services, at the Department of Finance; Martin Fraser, Secretary General, Department of the Taoiseach; ; Dr Orlaigh Quinn, Secretary General, Department of Enterprise, Trade and Employment; Niall Burgess, Secretary General, Department of Foreign Affairs; Jim Breslin, Secretary General, Department of Further and Higher Education, Research, Innovation and Science; Michael McGrath Department of Finance Assistant Secretary, Financial Services Division; Martin Shanahan, CEO, IDA.
Secretary to HLIC and Joint Committee: Karen Cullen, Department of Finance.
Membership of the Industry Advisory Committee (IAC):
Olwyn Alexander, PwC; Gary Conroy, TransferMate; Joe Duffy, BNY Mellon; Aidan Holton, SCOR Re; Derek Kehoe, BNP Paribas; Declan Lynch, Elavon; Ruth McCarthy, Fexco Corporate Payments; Barrie O’Connell, KPMG; Deirdre O'Connor, Blackrock; Teresa O'Flynn, Blackrock; Ann Prendergast, State Street; Andrea Reynolds, Swoop Funding; Cecilia Ronan, Citi; David Swan, SMBC Aviation; Tadhg Young, State Street; Niamh O’Donnellan Banking & Payments Federation Ireland (IAC Secretartiat).
