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The financial services sector is a hugely important sector in the Irish economy. Currently, over 50,000 people are directly employed in the sector with a further 25,000 employees employed indirectly in various support services. The sector contributes over 5% to annual GDP and the industry directly contributes about €3.6 billion to the economy in wages paid to employees and in spending on goods and services. The range of activities that has come to be grouped within Financial Services include insurance/reinsurance markets, IT development centre; asset management, financing and trading; international asset leasing, customer call centre, data compilation and analysis, to worldwide payment processing systems.
Ireland has been exceptionally successful in attracting international financial services companies. The corporation tax regime and the availability of a skilled labour pool are key competitive advantages for Ireland.
Financial services companies at Shannon Free Zone include:
GE Commercial Finance Aviation Services Ltd www.gecas.com; GE Money www.gecapital.com; Aon Insurance www.aon.com; Agilisys Contact Services www.agilisys.co.uk; Debis AirFinance; www.debisairfinance.com; GE Capital European Funding www.ge.com; Halifax Insurance www.halifax.co.uk; Irish Managed Companies www.irishmanagedcompanies.com; Pembroke Capital www.pembroke-group.com; Thomson Financial www.thomson.com; Pacific Network Services www.pacnetservices.ie; Sentinel Investments www.sentinel.ie
Read more Shared Services, Contact Centres & Administration HQ Factsheet (156 kB)