Irish Life Investment Managers Merged into Keyridge UK Venture
- A new money management firm formed by merging the European divisions of Canada Life Asset Management, Setanta Asset Management, and Irish Life Investment Managers (ILIM).
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Keyridge Asset Management is being launched.
* What is it? A new money management firm formed by merging the European divisions of Canada Life Asset Management, Setanta Asset Management, and Irish Life Investment Managers (ILIM).
* Headquarters: City of London (22 Bishopsgate).
* Assets Under Management: Over £135 billion (€153 billion).
* Impact on Ireland: The ILIM and Setanta brands will be maintained in Ireland, and customers there won’t need to take any action. the Dublin teams will continue serving customers as before.
* Future Goals: Keyridge aims for a third of it’s sales in the UK, with the remaining two-thirds split equally between North America and Europe.
* Leadership: Patrick Burke will be the CEO,leading a team of 300 with plans for further hiring in the UK.
* Significance: The launch is described as a major development.