Contact: Andrew McLindon
Wilson Hartnell Public Relations
+353-1-669 00 30

Contact: Claire Quinn
Deloitte
PR Executive
+353 87 6825766

Deloitte, the business advisory firm, is pleased to announce that Deirdre Power, Partner, has been appointed Chairperson of the Irish Funds Industry Association (IFIA).

Deirdre is a Tax Partner in Deloitte. Her experience is in the financial services industry, where she has spent more than ten years advising clients in the areas of investment management and funds, leasing, banking, securitisation and structured finance.

Commenting on her appointment as Chairperson, Deirdre said: “I am looking forward to working with the IFIA Chief Executive, Gary Palmer, the IFIA team and the funds community to ensure that Ireland continues to be best in class in the international funds market place.  The Irish funds industry currently employs over 8,000 people throughout Ireland, who look after EUR1 trillion of assets.  The growth in the industry has been phenomenal over the last few years and funds have been the real success story in the history of Irish financial services.

The challenge for the year ahead will be to grow the industry even further and position Ireland to take advantage of all the changes that are occurring in Europe, particularly with the advent of new EU Directives and policies.  With our 12.5 per cent tax rate, our well respected regulatory regime and our excellent fund service providers, I am confident that Ireland and the IFIA will go from strength to strength.”

Speaking today at the IFIA/ICSA Annual Global Funds Conference, Gary Palmer, Chief Executive, IFIA, said: “Deirdre’s experience will be invaluable as we look to continue the success of the funds industry in Ireland over the coming year. As a member of various IFIA committees for numerous years she is very familiar with the goals the industry has set for itself – and also the challenges facing it. We look forward to working with her in playing an integral role in ensuring the future success of the Irish funds industry.”

Deirdre holds a number of roles within the financial services industry. She was appointed to the Taoiseach’s Pan European Pensions taskforce and more recently she was appointed to the Expert Group on the taxation of income from savings established by the EU Commission.

The IFIA/NICSA Annual Global Funds Conference takes place from 5-7 June at Carton House, Maynooth, Co Kildare.

Ends

About the Irish Funds Industry Association

The Irish Funds Industry Association (IFIA) is the representative body of the international investment funds community in Ireland, representing the custodian banks, administrators, managers, transfer agents and professional advisory firms involved in the international fund services industry in Ireland. Its 83 members and 20 associate members are responsible for in excess of 6,000 funds with a net asset value of over Euro 1 trillion. The objective of the IFIA is to support and compliment the development of the international funds industry in Ireland, ensuring it continues to be a location of choice for the domiciling and servicing of investment funds.

About Deloitte

Deloitte Ireland is a world-class firm of expert business advisers, serving senior business leaders who are seeking to protect and create value in a complex, dynamic environment. Our objective is to help our clients succeed by anticipating tomorrow’s agenda with focused, insightful and fresh thinking borne out of our multidisciplinary strengths. We draw upon our specialist skills in audit, tax, consulting and financial advisory both within Ireland and across the Deloitte worldwide network. 

What’s different about Deloitte is our people, who focus on building long-term relationships and are determined to deliver measurable value for our clients’ business. With almost 900 people in Dublin, Cork and Limerick Deloitte is known as an employer of choice for our innovative human resources programmes and is dedicated to helping our clients and our people excel. 

'Deloitte' refers to Deloitte & Touche and any associated partnerships and companies established under the laws of Ireland. Deloitte is the Irish member firm of Deloitte Touche Tohmatsu. For more information, please visit the Irish member firm’s website at www.deloitte.com/ie.