One year on, Investec are delighted with the progress it has made following the opening of its Munster office in Cork.
Investec is very proud to have been adopted so quickly by the Cork business community.
Located in one of the smartest new buildings in Cork - One, Albert Quay - Investec are pleased to have been able to contribute to worthy causes including Mercy Hospital Foundation Ball, Cork Simon Fundraising ball and Cork Penny Dinners.
Investec intends to be very much part of the DNA of business life in the province, with ex-Limerick hurler Ger Hegarty and his colleagues covering the wider Munster region on a more comprehensive basis.
Celebrating one year in Albert Quay, Head of Wealth & Investment Eddie Clarke commented that: “When we decided to invest in expanding our team in Munster, it had been our hope and expectation that our fresh approach would really resonate with private clients in the Munster area. I am pleased to say our experience so far, has greatly exceeded our expectations.”
Kieran Ferguson, Corporate Treasury, said: “On the Investec Treasury side of our business, we provide a combination of one-to-one expert foreign exchange traders who provide the best commercial currency exchange rates to allow companies who import and/or export hedge their currency risk to help them maximise margins and profits. Our success in returning solid results for corporate customers is underpinned by our expertise in global currency markets. ”
Head of Treasury and Cork native Aisling Dodgson underlines the strong business opportunities available in the South West region for Investec, saying: “We are now entering a new phase of economic growth nationally and the Munster region is a key driver of that. Cork has 14% of the national population but contributes 19% to GDP and very much punches above its weight.
Back - Rob O’Neill, Michael O’Connor, Kieran Ferguson, Justin Williams, Michael Bambury, Front - Ian O’Connell, Siobhan Aherne, Micheal Dooley.
“We also know that there are more entrepreneurs in the South West than in any of the other regions of the country, and not only opens up the FDI firms for business but also local, Irish indigenous companies created by those entrepreneurs. As the economy grows, Cork and the South West will benefit from disproportionate growth given the level of entrepreneurship within the region.”
A recent Investec Born in Ireland Report, which looks at how our top indigenous companies are driving economic growth, highlighted 15 home grown Cork companies in the top 150 Irish Exporting companies. The strength of Cork’s performance in the rankings contributed to Munster being more dominant than the Leinster counties with a total of 25 Munster companies featuring and contributing a combined turnover topping €15 billion. Investec are delighted to work with many of these companies including Dansko Foods and Global Shares and can offer a global service at a local level.
Back row - Conor McCarthy, Ger Hegarty, Rob O’Neill, Justin Williams, Kieran Ferguson, Micheal Dooley. Front Row-Siobhan Aherne, Michael Bambury, Eddie Clarke, Aisling Dodgson.
Ireland is core to the Investec Group. At the announcement of the Group’s half year numbers the CEO of the International Group, Stephen Koseff commented that the Group was keen to explore additional acquisitions in Ireland if the right opportunity came along in the Wealth and investment space. In the meantime Investec see considerable opportunities for organic growth and Munster is very much part of that plan.
<i>Investec in Ireland, a member of the Investec Group, is a leading specialist bank and wealth and investment and is based in Harcourt Street, Dublin 2. The Investec Group is a leading international, specialist-banking group, with headquarters in Johannesburg, South Africa. The group was founded in 1974 and currently has approximately 8,000 employees with offices in 14 countries. Investec’s main activities in Ireland include Wealth & Investment, Corporate Treasury, Corporate Finance, and Private Client offering. Investecplc is quoted on the Johannesburg and London stock exchanges with a market capitalisation of circa 544.00 as of 10th Jan 2017. Investec’s three principal areas of business worldwide are Specialist Banking, Wealth & Investment and Asset Management.
You can contact the Cork office at 021-2373800.
For more information, visit investec.ie.
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