Simon Coveney, former Tánaiste and Fine Gael deputy leader, has stepped back from politics after 26 years and chose not to contest the 2024 General Election. He has founded Waterfront Advisory, a geopolitical consultancy group. Most of his current geopolitical work is with EY, where he spends five to 10 days per month on building an internal geopolitical consultancy for EY’s multinational client base. His work involves advising boards and executive teams on structuring risk registers based on global developments. He focuses on challenges including energy costs, tariffs, conflict, and supply-chain disruption. He keeps politics close by canvassing for a Fine Gael bye-election candidate, but has no interest in returning to the political fold full-time.
"Most of the work I do now from a geopolitical perspective is with EY (Ernst & Young), so I spend between five and 10 days a month working with EY, specifically on a project that we've built over the last 12 months, which is to build a geopolitical consultancy within EY for their client base, which of course includes an awful lot of large multinationals."
"So, what I do is I spend time with boards and with executive teams on looking to put structure around how you put a risk register around, what's happening in the world today, which is extraordinary change, a lot of it very challenging around energy costs, around tariffs, around conflict, around disruption to supply chains."
"I made a decision with my family, and my wife (Ruth Furney) in particular, that, having spent 26 years in politics, it was time to try to do something else."
"Despite taking a step back from politics, the former Tánaiste says he keeps politics 'close', and was in Galway last week canvassing on behalf of Fine Gael bye-election candidate Seán Kyne. However, he says he has no interest in returning to the political fold."
#irish-politics #geopolitical-consulting #risk-management #energy-and-tariffs #supply-chain-disruption
Read at Irish Independent
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