In a further step to strengthen the growing ties between the Irish funds industry and Japanese asset managers, the IFIA has held a seminar in Tokyo.
On 5 July 2013, in a further step to strengthen the growing ties between the Irish funds industry and Japanese asset managers, the Irish Funds Industry Association (the “IFIA”) held a seminar in Tokyo. The seminar was attended by 250 delegates.
Ireland has already proven to be popular with Japanese investment managers with 8 of the largest Japanese managers establishing 80 funds in Ireland, collectively holding €10 billion in assets (Monterey Report 2012).
The Chief Executive of the IFIA, Pat Lardner, informed delegates at the seminar that there are a number of factors that have strengthened Ireland’s position with Japanese asset managers.
Firstly, the Irish funds industry has a close working relationship with Japanese managers in determining the most suitable distribution strategy for them. Furthermore, Ireland is suitably placed to provide opportunities under the new Alternative Investment Fund Managers Directive (the “AIFMD”).
The seminar highlighted Ireland’s popularity with Japanese asset managers and signalled that this popularity was most likely to continue. This view is reinforced by the IFIA’s everincreasing focus on and presence in Asia, with seminars being held in Hong Kong, Singapore, Seoul and Kuala Lumpur. Representative offices have also been established in Hong Kong, Singapore and Shanghai.