Electric.ie January February 2020

ELECTRIC.IE • The Magazine & Website for the Irish Electrical Industry • 53 Brexit report shows Ireland's potential to be centre for funds P wC's new report "Brexit and beyond: Assessing the impact on Europe's asset and wealth managers" outlines the chief findings from qualitative interviews with senior executives at more than 20 global asset and wealth managers (AWMs), covering both the preparations for Brexit made by AWMs so far, and their views of what the future holds for their businesses and the industry as a whole. As the political and economic climate around Brexit continues to provide uncertainty across the globe, many AWMs, including in Ireland, feel confident that they are prepared for Day One following the UK's departure from the EU. But for them, this is only the beginning of the story. AWMs in Ireland and around the world are now beginning to think hard about what comes next, above all, about how to best position their businesses for future growth and profitability. Andrew O'Callaghan, PwC Global Asset and Wealth Management Advisory Leader and Partner, PwC Ireland Asset and Wealth Management Practice said, "With over 100 new asset managers already having relocated to Ireland over the last 18 months, Ireland has a clear opportunity to be a leading centre for high value funds and FinTech activity in a post- Brexit world. And the allocation of additional resources by Ireland's CBI has undoubtedly helped AWMs accelerate potential activities. With an English-speaking, highly skilled workforce and ease of access to over 400m EU consumers, Ireland can continue to capture significant growth opportunities". To read the full report go to www.pwc.ie Industry News T 041 983 5611 T 01 842 6255 E sales@elemex.ie elemex.ie Sanbra Fyffe Ltd , Instantor Works, Santry Avenue, Dublin D09 K160 Dual or single element immersions available in a variety of materials to suit different levels of water hardness. IRELANDS LEADING IMMERSION HEATERS Elemex - Half Page Ad - Jun19.indd 1 20/06/2019 12:25