The Irish funds industry is now represented in Asia, following the industry association’s launch of new representative offices throughout the region.

The Irish Funds Industry Association (IFIA) is launching the new offices this week, in a joint venture with IDA Ireland.

Announcing the launch, the IFIA said the new offices meant the association will now have representatives in Tokyo and Singapore for the first time.

IFIA representative offices were opened in Chicago, Boston, Atlanta and London in June, and other offices around the world are also being planned.

Chair of the IFIA Ken Owens said opening the new offices would play an important role in expanding business in the crucial Asian market, and that he believed the association can offer the “solutions and services” required by managers and promoters from the region.

“Opening these representative offices means that we can be on the ground in two of our key growth markets to promote Ireland as the jurisdiction of choice for internationally distributed investment funds and be on hand to assist managers looking for the product solutions and expertise Ireland can offer in an ever changing global regulatory landscape,” he said.

Chief executive of IFIA Gary Palmer thanked representatives from industry, the IDA, foreign offices, ambassadors and the government for their support.

“The opening of these new offices demonstrates industry and government agencies are working hand in hand to promote Ireland as the leading domicile for internationally distributed investment funds.”

A fund industry delegation, led by former Prime Minister John Bruton, is currently undertaking a tour of Singapore, Tokyo and Kuala Lumpur over the coming days, expecting to meet close to 1,000 people.

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