Press Release 27 Jan 2017

January 27th 2017 - Minister for Jobs, Enterprise and Innovation Mary Mitchell O’Connor TD today welcomed the announcement by leading French asset management firm Tobam, that it has decided to set up operations in Dublin employing 20 people by the end of 2017. The Paris-based asset management firm was formed in 2005 by Yves Choueifaty and retains its status as an independent, employee-owned business.

Welcoming the announcement Minster for Jobs Enterprise and Innovation Mary Mitchell O’ Connor TD said: Welcoming the announcement Minster for Jobs Enterprise and Innovation Mary Mitchell O’ Connor TD said: “It is fantastic news that such an internationally successful investment firm has expanded its business to Ireland. Tobam’s announcement to set up its growing firm in Dublin, illustrates the huge value that financial services firms place in Ireland as their destination of choice.  The firm is at the forefront of the investment industry, having experienced significant growth over the course of the last decade.  We are very proud that Dublin is to become their new home. I wish Tobam the very best with their future endeavours in Ireland.”

Eoghan Murphy TD, Minister of State with special responsibility for Financial Services, said: “I would like to extend a warm welcome to Tobam. It is encouraging that Ireland’s emergence as an innovative and leading global technological hub was a key factor in Tobam’s decision to establish operations here.  Companies like Tobam are industry leaders in terms of how they have implemented and adapted to new emerging technologies.  The government’s continued focus on financial technology is reflected in the IFS 2020 Strategy’s Action Plan for the year ahead.”

Commenting on the announcement Martin Shanahan, CEO, of IDA Ireland said “We are delighted to welcome Tobam to Ireland.  Investment firms are continuing to view Ireland as an optimum access point to the global markets. Tobam’s announcement represents a display of confidence in Ireland’s capacity to deliver on talent and business infrastructure.

Ireland’s proposition of EU market access, regulatory passport, global product distribution, cost effectiveness, deep domain knowledge, innovative technology offerings and superior customer service together with English language and a Common Law system will continue to prove compelling to financial services companies."

See more information on the government’s strategy for the financial services sector at the following: www.finance.gov.ie/Ifs2020

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