Ireland tipped as being 'one of biggest Brexit beneficiaries' by survey

'Ireland has so many advantages — including very talented people with language skills — and has a terrific future as a world-class centre for funds management'

Ireland needs to work out how to attract asset managers to locate here, so funds can be managed directly from Ireland, Martin Gilbert said. Picture Andrew Redington/Getty

Ireland will be one of the "biggest beneficiaries" from Brexit if it can attract top asset management firms to locate here, according to the founder and former CEO of Aberdeen Asset Management.

Addressing a PwC webinar about Ireland’s potential as a leading location for asset management and financial technology — or fintech — firms, Martin Gilbert said further consolidation in the industry is expected and that it will play a key role in refinancing the global economy following the Covid-19 pandemic and alleviating pressure on government debt.