dublin welcomes first malaysian asset manager
CIMB-Principal Islamic Asset Management has become the first Malaysian firm to launch funds from Dublin, strengthening the domiciles position as Europes leading funds centre, according to the IFIA.
CIMB-Principal Islamic Asset Management has become the first Malaysian firm to launch funds from Dublin, strengthening the domiciles position as Europes leading funds centre, according to the IFIA.
Assets serviced by the Irish funds industry have surpassed 2trn for the first time, according to the industrys representative body, a milestone welcomed by the countrys Prime Minister, Enda Kenny.
The Irish Funds Industry Association is opening a representative office in Hong Kong after announcing plans to expand its presence in the region.
Irish tax authorities are in discussions with their US counterparts over the possibility of entering into a “model agreement” for implementing Americas Foreign Account Tax Compliance Act.
Allied Irish Bank continues to scale down, with plans to close its Isle of Man and Jersey-based operations by the end of 2013.
Former Taoiseach John Bruton will this week lead a delegation of senior figures from Irelands fund industry to the US.
The Irish Fund Industry Association has appointed a new chief executive.
The stock markets in two English-speaking European Union jurisdictions today unveiled a new, jointly-owned and -run securities market for handling complex debt listings.
The Irish fund industry received a boost from a set of provisions in the countrys Finance Bill last week, according to its fund association, which are accommodating to the Ucits IV directive.
Bank of Ireland has launched a new High Interest Return Account with a one year fixed rate of 3.6%.
The assets of investment funds domiciled in Ireland surpassed the 1trn (£830bn, $1.28trn) mark at the end of November last year, an increase of 40% on the assets held at the end of November 2009.
Total net assets in Irish-serviced funds grew by almost 30% in the 12 months ending 30 June, according to the Lipper Ireland Fund Encyclopaedia.