EGFSN Report: Skills for International Financial Services

Wednesday, 08 May 2024

EGFSN Report: Skills for International Financial Services

The Expert Group on Future Skills Needs (EGFSN) recently released their new report: Skills for International Financial Services. It highlights the strategic importance of the sector to Ireland’s economy and forecasts that the sector will need to recruit between 6,000 and 9,000 between now and 2027. It also sets out a detailed analyses of the skills required by each of seven high-potential sub-sectors, including Asset Management and Investment Funds & Securities Services.

The report also highlights the specific skills needed for sustainable finance practices and the promotion of environmental, social and governance (ESG) standards across all areas of financial services, and skills to underpin the digital transformation of the sector.

Nine recommendations have been set out to meet the skills needs identified in the report, and a National Oversight and Implementation Group has been established to coordinate their implementation.

The Minister for Enterprise, Trade and Employment, Peter Burke, and Minister of State for Financial Services, Credit Unions and Insurance, Neil Richmond, welcomed the report which was prepared for EGFSN by Indecon International Consultants addressing actions agreed under the Ireland for Finance Action Plans 2021-2023. The study was overseen and guided by an expert Steering Group, Chaired by Martina Kelly, IOB.

Read the full report and its main findings.