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ARTICLE · 23 SEPTEMBER 1996

Introduction To The International Financial Services Centre, Dublin

Willis Corroon
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Since it's establishment in 1987, Dublin's International Financial Services Centre ("the IFSC") has grown from being the new kid on the block into an established pillar of the international insurance community. There are over 133 Captives established in Ireland including household names such as Ford, McDonalds, Siemens and BMW. Indeed BMW was the first to locate here in 1989.

The original motivation behind the IFSC was to create employment by slowing the drain of highly qualified young people who in the past had emigrated to London, New York, Bermuda and Cayman. Not alone has the IFSC succeeded in slowing this drain, but many of the top positions in the IFSC are occupied by Irish Nationals who have returned from overseas IFSC bringing with them the many essential disciplines that are available to their clients today.

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