patron news
MERC Partners and international colleagues observe strong growth in executive search
Kieran Duff, partner, MERC Partners
While 2010 marked a momentous ‘30 years in business’ milestone for MERC Partners, 2011 provides another cause for celebration. MERC Partners is the Irish member firm of IIC Partners Executive Search Worldwide, and 2011 marks the 25th anniversary for the global executive recruitment practice. In her New Year message to mem-
bers, the chair of IIC Partners Lim Chye Lian (Singapore) said it was widely accepted that executive
search was a barometer of economic activity. Kieran Duff of MERC Partners added: “MERC Partners has been buoyed by the pronounced upward trend that we have observed during 2010 and early 2011 in terms of senior executive recruitment activity in Ireland.”
Robin Johnston, Sage@School programme manager. Sage Ireland is providing secondary school business, accounting and/or economics teachers with an opportunity to become certified trainers in Sage Instant Accounts
Sage@School programme aims to enhance students’ business skills
The Sage@School initiative aims to facilitate the development and skills of secondary school teachers by delivering an accredited programme that provides stu- dents with experience using accounts software. “The programme is designed to bridge the gap
between Junior Cert and Leaving Cert accounting or business and provide participants with an introduction to computerised accounting,” explains Robin Johnston, Sage@School programme manager at Sage Ireland. “Sage@School was created to give students with an
KPMG supporting American Chamber of Commerce as it celebrates 50 years in Ireland
A highly educated, skilled and flexible workforce and a very attractive corporation tax regime have helped ensure that Ireland delivers for US and other overseas investors in Ireland. Congratulating the American Chamber of Commerce in Ireland at its recent 50th anniversary dinner, KPMG managing partner Terence O’Rourke said his firm is delighted to support its work. “They do an outstanding job in helping keep decision- makers focused on the issues that ensure the continued attractiveness of Ireland as a location for foreign direct investment.” Today, nearly 100,000 people are directly employed
in over 580 US firms in Ireland, accounting for 70pc of all IDA-supported employment. Indirect employment in sub-supply and community industry and services has been estimated at over 200,000. US companies have an US$87bn cumulative stock of investments in Irish-based operations. Investing in Ireland is a KPMG guide for those con-
sidering locating in Ireland. It focuses on Ireland’s key selling points, outlines many of the tax and other advantages to be considered when locating here, and highlights how KPMG’s audit, tax and advisory serv- ices can assist those with inward investment plans.
64 Irish Director Spring 2011
interest in accounting and business an insight into Irish companies and the challenges they face, by outlining how business decisions are taken based on accounting infor- mation,” adds Johnston. The course is already planned and supported through 80 schools in Ireland and is now extending its reach to the next 300 secondary schools.
Matheson Ormsby Prentice is No 1
for IrishM&A activity in 2010 Matheson Ormsby Prentice advised on more mergers and acquisitions (M&A) in 2010 than any other law firm according to MergerMarket, Thomson Reuters and Experian Corpfin. This result now means that the firm has topped all three leading international M&A intelli- gence agencies tables having advised on the most M&A deals in the Irish market during 2010. Liam Quirke, managing partner, Matheson Ormsby
Prentice said: “This is an excellent achievement for the firm. More importantly, we are optimistic about activity in 2011, especially by international companies and finan- cial institutions doing business in and through Ireland, which are our primary focus.” Examples of headline deals include advising State
Street Corporation on the acquisition of Bank of Ireland Asset Management; advising Xerox on its acquisition of the Irish Business Systems group; advising William Grant & Sons Holdings Ltd on its acquisition of C&C Group plc’s spirits and liqueur business, and advising Värde Partners and CC Asset Management Limited on the financing and acquisition of a portfolio of UK credit card accounts from CitiFinancial Europe plc.
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