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irishfunds.ie

13 March 2019

Welcome to the

Irish Funds Washington DC

Seminar

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Brian Forrester,

Chairperson, Irish Funds

Partner, Deloitte

Industry Update and Key Developments

Washington DC Seminar

13 March 2019

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The Irish Funds Industry: a snapshot

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Total Assets Under Administration –

Split between Irish & Non Irish Funds

Source: All data sourced from Central Bank of Ireland

989

1,271

2,0521,946

2,079

2,515 2,441

2,901

3,754

4,097 4,1324,310

5,289

4,823

689959

1,188899 1,078

1,288 1,3651,619

1,854 2,020 2,062 2,194

2,875 2,770

300

313

864 1,0471,001 1,227 1,075

1,282

1,900 2,077 2,0712,116

2,4142,053

0

1,000

2,000

3,000

4,000

5,000

6,000

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Dec-18

US

D B

illi

on

Total Domiciled and Non-Domiciled

Assets Under Administration

Total Non Domiciled Total Domiciled

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Fastest Growing of Largest European Fund

Domiciles

2011 2012 2013 2014 2015 2016 2017 Q3 2018

Europe 0% 13% 23% 42% 58% 78% 97% 101%

Luxembourg 0% 14% 25% 48% 67% 77% 98% 104%

Ireland 0% 16% 27% 57% 80% 98% 126% 140%

France 0% 9% 10% 14% 21% 29% 37% 38%

Germany 0% 13% 24% 40% 53% 66% 80% 85%

UK 0% 17% 35% 59% 79% 77% 99% 101%

0%

20%

40%

60%

80%

100%

120%

140%

% G

row

th

Europe Luxembourg Ireland France Germany UK

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With Global Distribution

Source: Lipper IM

• Data from the Central Bank of Ireland shows Irish domiciled

funds have investors from 90+ countries around the world

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Brexit - three interdependent themes

Distribution

Management

Models

(‘Delegation’)

Growth

OVER 2,700 IRISH

FUNDS SOLD TO UK

INVESTORS

$750bn

IN IRISH FUND ASSETS

MANAGED BY 190+ UK

FIRMS IN IRELAND

Continuity in UK investor

access to Irish funds

Continuity in

UK firm

management

of Irish funds

Increase Ireland’s growth

trajectory as an

international asset

management centre

SOURCE: Lipper IM Dec 2017

Monterey Ireland Fund Report 2017

Current context Target outcome

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Conclusion

EU Member & Strategically Positioned

+

International Hub for Globally Distributed Investment Funds

+

Unrivalled Experience and Expertise & the Widest Range of Fund Structures

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Daniel Mulhall,

Ambassador of Ireland to the United States

Irish Ambassador’s Address

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Joe LaRocque,

Managing Director, Legg Mason

Keynote Address

Moderator:

Panellists:

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The Global Regulatory Environment

Lorena Dunne, William Fry

Michael Pedroni, Managed Funds Association

Stuart Fross, Foley & Lardner

Michael Barr, A&L Goodbody

Moderator:

Panellists:

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Fund Distribution & Market Access in

Europe

Daniel Forbes, DMS Governance

Joe LaRocque, Legg Mason

Lorcan Murphy, Acolin

David O’Flaherty, Intertrust

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Kieran Fox

Director of Business Development, Irish Funds

Closing Remarks

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irishfunds.ie

13 March 2019

Irish Funds Washington DC

Seminar