Financial services firm GSB has secured approval for a license from the Central Bank of Ireland (CBI), marking a significant milestone in its expansion strategy to serve clients across Europe.

With the green light from the CBI, GSB Capital Ireland is poised to provide a comprehensive suite of advisory services encompassing pensions, investments, and insurance. Moreover, the license grants GSB the privilege of passporting its services throughout the European Union.

Leading the helm at GSB Capital Ireland is Michael Cunningham, who assumes the role of Chief Executive. Cunningham, with a tenure at GSB since 2021, brings a wealth of experience to the table, having previously served as the Private Client Director at Clarity Partnership and Executive Wealth Director at Acuma, based in the UAE.

Michael Cunningham, Chief Executive of GSB Capital Ireland, commented: “We are delighted to announce the approval of a financial services licence from the Central Bank of Ireland. The licence will give the business an opportunity to expand the GSB brand across Europe and offer European clients access to a host of our dedicated advice services.

“We chose Ireland as the jurisdiction to start our European growth story as it is one of the strongest and most robust regulatory regimes in the Eurozone, and due to the similar legal and regulatory structures like the UK. We are looking to expand our range of services and obtain additional licence permissions across Europe over the next few years.”

The approval from the Central Bank of Ireland underscores GSB’s commitment to providing tailored financial solutions to clients while adhering to stringent regulatory standards. As the firm sets its sights on broader horizons, the license paves the way for GSB to establish a strong foothold in the European financial landscape and serve as a trusted partner for clients seeking expert financial advice.