Irish Life Merged into Keyridge UK Venture
- Irish Life's parent company, Grate-West Lifeco Inc, is creating a new asset management firm called Keyridge Asset Management.
- * Combination: Keyridge will combine the European operations of Canada Life asset Management, Setanta Asset Management, and Irish Life Investment Managers (ILIM).
here’s a summary of the provided text:
Irish Life’s parent company, Grate-West Lifeco Inc, is creating a new asset management firm called Keyridge Asset Management.
Key Details:
* Combination: Keyridge will combine the European operations of Canada Life asset Management, Setanta Asset Management, and Irish Life Investment Managers (ILIM).
* Assets Under Management: The new entity will manage over £135 billion (€153 billion) in assets.
* Headquarters: keyridge will be headquartered in London, at 22 Bishopsgate.
* Ireland Impact: The ILIM and Setanta brands will remain in Ireland, and customers there will not need to take any action.
* Future Goals: Keyridge aims for a third of its 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.