Dublin Recruiting Firms Wishing to Leave London After Brexit

Ireland is mounting a vigorous charm offensive to lure thousands of financial jobs from London to Dublin, exploiting the growing uncertainty about Brexit and what it might mean for banking operations in Britain.

Irish officials say US banks and other non-EU financial firms worried about the future possibility of using London to do business in Europe are already scoping out the option of moving some operations to Dublin after Britain leaves the EU.

“Our approach is very clear, we will go after every single piece of mobile [non-finalised] investment,” says Martin Shanahan, the head of Ireland’s Industrial Development Authority, who has been touring the US and China to sell Dublin as a gateway to the EU.

“Undoubtedly there are more opportunities because of Brexit,” he adds. “You can be assured that any opportunities there are, Ireland will seek to take advantage of and we will be in the fray, as will others.”

via The Guardian

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza