Northern Trust, one the world\u2019s largest fund administrators, employs 1,800 staff here, mainly in Limerick, while US banking giant JP Morgan<\/a> employs 1,500 people, mainly at its Dublin operation, which is also its European centre. <\/p>\n At the launch on Tuesday of the Government\u2019s revamped strategy for the sector, Ministers noted that next year will mark the 40th anniversary of the establishment of Dublin\u2019s International Financial Services Centre<\/a>, where a large portion of the industry is domiciled.<\/p>\n Ministers like to play up the regional aspect of financial investment for political reasons, but 75 per cent is Dublin-based. <\/p>\n \u201cAlmost 40 years ago, Ireland made a bold choice. We chose to build something new. We chose to compete globally. And we chose to back ourselves,\u201d Minister for State with responsibility for financial services Robert Troy<\/a> said.<\/p>\n [\u00a0New Government strategy aims to increase financial services jobs to 70,000Opens in new window<\/a>\u00a0]<\/p>\n The industry\u2019s employment footprint has almost doubled since 2015 on the back of some favourable headwinds including Brexit, <\/a>which led to an influx of business here as London-based firms sought to stay inside EU financial passporting rules.<\/p>\n Much of the new business flowing in relates to digitalisation and cybersecurity rather than traditional financial services.<\/p>\n Boston-headquartered State Street<\/a> recently chose Kilkenny for the location of its new global cybersecurity hub.<\/p>\n The Government\u2019s new strategy, which aims to lift employment in financial services here to 70,000 by 2030, is difficult to weigh up as it talks in generalities about cutting red tape and boosting competitiveness, noble ambitions but hard to measure.<\/p>\n![\"\"](\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2026\/08\/1787672657_592_1784803479672-9ae96ac7-c636-4bcb-998c-c0aedcc60931.jpeg\"\/)
How many new homes does Ireland really need? <\/p>\n