- Financial / International Services
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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;
GE Capital European Funding www.ge.com;
Halifax Insurance www.halifax.co.uk;
Irish Managed Companies www.irishmanagedcompanies.com;
Pacific Network Services www.pacnetservices.ie
Ireland is also an important location for international services. The sector includes a broad range of services such as:
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Companies operating in international services have located and expanded in Ireland because of:-
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International service companies at Shannon Free Zone include:
Bax Global www.baxworld.com
Benex (Becton Dickinson) www.bd.com;
Mentor Graphics www.mentor.com;
DHL Express www.dhl.com ;
Elsevier Ireland www.elsevier.com;
Fedex www.fedex.com;
Genworth www.genworth.com;
Maidenform International www.maidenform.com;
Sykes Enterprises www.sykes.com;
Symantec www.symantec.com;
Thermo-King Europe www.thermoking.com;
UPS www.ups.com