AIBIM targets pension funds in New York, London

AIB’s asset management arm is to open offices in New York and London in a significant overseas expansion move.

20th September, 2008

AIB’s asset management arm is to open offices in New York and London in a significant overseas expansion move.

AIB Investment Managers (AIBIM) said it hoped to double its assets under management within the next three years by attracting major pension fund clients in the US and Britain.

The unit currently manages assets worth approximately €10 billion, largely made up of funds from domestic clients.

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