Mairéad Farrell
Ceist:308. Deputy Mairéad Farrell asked the Minister for Finance if a list of members of a group (details supplied) in its current formation will be provided. [27347/20]
Amharc ar fhreagraDáil Éireann Debate, Tuesday - 29 September 2020
308. Deputy Mairéad Farrell asked the Minister for Finance if a list of members of a group (details supplied) in its current formation will be provided. [27347/20]
Amharc ar fhreagraIn 2015 a strategy was launched called IFS2020: A Strategy for Ireland’s International Financial Services Sector 2015–2020. New implementation structures were established under that Strategy and the Clearing House Group no longer exists. This committee structure continues under the most recent Strategy for the development of the international financial services sector to 2025 ‘Ireland for Finance’ (2019). The new committee structure is a modernisation to reflect the profile and characteristics of the sector as well as new models of engagement which have worked well in driving growth and job creation through the Action Plan for Jobs and other successful government strategies. Furthermore, given the nationwide nature of international financial services the new structures are better placed to promote the continued regional development of the industry than the IFSC Clearing House Group.
Under the new structures, an Industry Advisory Committee (IAC) represents the industry expertise and a High Level Implementation Committee (HLIC) which is a senior group of civil and public servants represents the public sector. The public sector High Level Implementation Committee meets quarterly as a standalone committee. It and the Industry Advisory Committee meet jointly as the Ireland for Finance Joint Committee each quarter.
Minister of State Sean Fleming TD at the Department of Finance chairs the public sector High Level Implementation Committee, which consists of senior officials in the Departments of the Taoiseach, of Finance, of Business, Enterprise and Innovation, of Education and Skills, and of Foreign Affairs and Trade, and the CEOs of Enterprise Ireland and the IDA. The High Level Implementation Committee provides strategic leadership to continue the development of the sector and ensures coordinated, timely and effective implementation of the strategy.
The Industry Advisory Committee consists of executives from Irish and international firms representing all sub-sectors in the international financial services sector. The Industry Advisory Committee supports the High Level Implementation Committee in implementing the strategy and in monitoring and reporting on progress.
A list of members of the public sector High-Level Implementation Committee and the Industry Advisory Committee who meet together as the Joint Committee is set out below:
Current members of the High-Level Implementation Committee (HLIC)
Name |
Role |
Organisation |
Seán Fleming TD |
Minister of State (chair) |
D/Finance |
Martin Fraser |
Secretary General |
D/Taoiseach |
Orlaigh Quinn |
Secretary General |
D/Enterprise, Trade and Employment |
Jim Breslin |
Secretary General |
D/Further and Higher Education, Research, Innovation and Science |
Niall Burgess |
Secretary General |
D/Foreign Affairs |
Michael McGrath |
Assistant Secretary General |
Financial Services Division D/Finance |
Julie Sinnamon |
CEO |
Enterprise Ireland |
Martin Shanahan |
CEO |
IDA Ireland |
Karen Cullen |
Secretary to HLIC |
Head, International Financial Services Unit D/Finance |
Current Members of the Industry Advisory Committee (IAC):
Name |
Firm |
Nominated By |
Deirdre O'Connor |
International Member |
(public competitive process) |
Ruth McCarthy |
Fexco Corporate Payments |
Enterprise Ireland |
Aidan Holton |
SCOR RE |
Insurance Ireland |
Declan Lynch |
Elavon Financial Services |
Banking & Payments Federation Ireland/Fintech and Payments Association of Ireland |
Derek Kehoe |
BNP Paribas Group |
Banking & Payments Federation Ireland/Federation of International Banks in Ireland |
Joe Duffy |
BNY Mellon |
Financial Services Ireland |
Cecilia Ronan |
Citi |
Financial Services Ireland |
Ann Prendergast (temporary replacement for Victoria Brown of Aberdeen Standard Investments) |
State Street |
Irish Association of Investment Managers |
Olwyn Alexander |
PwC |
Irish Funds |
Tadhg Young |
State Street |
Irish Funds |
David Swan |
SMBC Aviation Capital |
Aircraft Leasing Ireland |
Teresa O'Flynn |
BlackRock |
Sustainable finance rep |
Gary Conroy |
TransferMate Global Payments |
Enterprise Ireland |
Andrea Reynolds |
Swoop Funding |
Enterprise Ireland |
Barrie O'Connell |
KPMG |
Chartered Accountants Ireland |
Maurice Crowley |
Banking & Payments Federation Ireland (Secretariat) |
IAC Secretariat (Banking & Payments Federation Ireland) |