That's according to the Chair of Cork Chamber's Financial Services Forum and the Ireland Head of the Asset Management Exchange, Eoin Motherway.
Eoin says the Investment Limited Partnerships Bill 2020 passed in the Dáil last night is the culmination of 6 years of work and will allow new global private fund market entrants to set up in Ireland.
The funds industry already employs around 1,350 people and over 2,000 staff in the broader financial services sector in the City
Industry body Irish Funds says firms will now be able to expand their private equity, infrastructure, renewables and real estate offerings.
Speaking to RedFM News, Eoin Motherway from Cork Chamber's Financial Services Forum says the new legislation will result in about 3,000 jobs for Ireland:
