Irish residents are currently facing a cost of living crisis and extremely high inflation. In fact, an Irish Examiner article has stated that 31% of those without a pension say they have delayed starting one due to ongoing inflation. In Ireland, the average household currently saves 20 percent of their income, most of which sits idly in bank accounts.
So, how does Irish residents without a pension create a savings nest egg? Well, two months ago Trade Republic, the largest savings platform in Europe launched in Ireland to try and help solve this problem. Ronan talks to Hugo Suidgeest Trade Republic’s country manager for The Netherlands, Finland and Ireland.
Hugo talks about his background, what Traderepublic does, where you put your money, diversifying risk and more.
More about Hugo Suidgeest :
Hugo Suidgeest is Country manager at Trade Republic for The Netherlands, Finland and Ireland Trade Republic’s ambition is to be the world’s most customer centric investment platform. With more than a million users and 50% of whom never invested before.
Hugo was at Uber for 5 years and was the Principal of UberEats Global Strategy before joining Trade Republic where he was responsible for products generating north of $2bn in annualised revenue.