Former Taoiseach Bruton becomes head of IFSC

Former Taoiseach and EU Ambassador to the United States John Bruton will become the Chairman of the IFSC Ireland.

In a statement this afternoon, Mr Bruton said he was delighted to accept the position, to promote Ireland's international financial services industry.

“I’m delighted to accept this invitation to work with IFSC Ireland to promote Ireland’s international financial services industry, which already supports in excess of 25,000 well paid jobs. Bringing jobs to Ireland will be my overriding priority in this new role, on behalf of the organisations that have come together to establish IFSC Ireland.

He said bringing jobs to Ireland will his priority in the new role.

"The international financial services industry in this country has remained resilient throughout the global downturn and is continuing to act as a source of well paid employment, particularly for young qualified graduates. It is also the source of many further spin off jobs.

"This key group will be the mainstay of our economic recovery and I am particularly pleased to be asked to play a part in ensuring that we continue to generate new employment opportunities in the IFSC for our young people. The IFSC is a global centre of excellence in key areas of banking, fund administration, and insurance.

"It is a success story that we should be proud of. I hope to be able to put my experience overseas, previously in the public sector and now in the private sector, to use to promote the industry in a manner that maximises the employment benefits of the IFSC for Ireland,” Mr Bruton said.