Banks battle for wealthy clients

There are enough investor roadshows and prospectuses on show now to make the heads of even the newest Irish multimillionaires spin.

27th January, 2007

There are enough investor roadshows and prospectuses on show now to make the heads of even the newest Irish multimillionaires spin.

The fervour to sign up high net-worth individuals to investment opportunities has created an unprecedented level of competition between the traditional keepers of Irish fortunes, the private banks, and the new boys on the block, the private client divisions of the stockbrokers.

John Rockett, head of AIB Private Banking, estimated that the Irish private...

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