Brexit brings hidden bonus for some Irish exporters

The quantum leap in financial services exports in the first half of the year is an early indicator that Ireland could be positioned for a major Brexit bonus. The 25% growth in financial services exports was a notable feature.

A major part of Ireland’s financial services sector is in asset management. Ireland, Luxembourg, and France have begun circling around the €1.5 trillion pot of assets managed in the UK for European investors.

The UK’s asset management industry is a world leader in so-called segregated accounts or mandates, individual pots of cash managed for big investors such as pension funds and insurers.