The Lafferty Group, a banking education, research and publishing company established 30 years ago by Roscommon native Michael Lafferty, will establish a new office in Westport, Co Mayo, creating 40 jobs over three years, Taoiseach Enda Kenny, TD, announced today.
The Westport office will support academic and publishing activities for the global banking industry, with a particular focus on researching and developing content for the International Academy of Retail Banking (IARB) to be used worldwide.
The IARB is a Lafferty initiative intended to serve as an international professional body for retail bankers and provide professional education programmes and examinations for the retail-banking sector. The academy became a dedicated company this year and has clients in more than 20 countries.
“The growing consensus on both sides of the Atlantic that universal banking is a failed concept has been a powerful force driving establishment of the academy,” said Lafferty, chair of the Lafferty Group and co-chair of the academy. “We believe that retail banking is rapidly becoming a distinct sector in its own right and that it is fundamentally different from corporate and other forms of wholesale banking.”
The decision by the London-based Lafferty Group to locate its new office in Westport has been supported by IDA Ireland.