"The enlarged entity will oversee more than £135bn (€153bn) in assets. The ILIM and Setanta brands will be retained in Ireland and customers here will not have to take any action. Keyridge ultimately seeks to have a third of its sales in the UK, with the other two thirds equally split between North American and European markets, Keyridge CEO Patrick Burke told the Bloomberg news service."
"He will lead a team of 300 with plans to hire more senior investment professionals to join the UK team over the coming months. The business will be headquartered in London's biggest office building at 22 Bishopsgate. The ILIM and Setanta teams in Dublin will continue to serve customers as before. The launch of Keyridge is a major strategic move for its Canadian owners."
Keyridge Asset Management will combine the European divisions of Canada Life Asset Management, Setanta Asset Management and Irish Life Investment Managers to form an enlarged entity overseeing more than £135bn (€153bn) in assets. The ILIM and Setanta brands will be retained in Ireland and customers in Ireland will not have to take any action. The company aims for one-third of sales in the UK and the remaining two-thirds equally split between North American and European markets. Patrick Burke will lead a team of 300 with plans to hire additional senior investment professionals and will headquarter the business at 22 Bishopsgate in London. The group will pursue UK lifeco affiliate clients across wealth, advice and workplace services amid a competitive market and rising passive fund competition.
Read at Irish Independent
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