Profits up at Irish subsidiary of BlackRock Asset Management

An Irish arm of BlackRock Asset Management, the global financial asset management company that stress-tested the Irish banks as part of the bailout, increased its profit last year.

18th May, 2013

An Irish arm of BlackRock Asset Management, the global financial asset management company that stress-tested the Irish banks as part of the bailout, increased its profit after tax by 11.7 per cent to £25.7 million (€32.5 million) last year.

Turnover at the company to the end of 2012 was £82.6 million, up 14 per cent from £72.6 million in 2011, as a result of increased management fees from more assets under management.

The value of assets under the company's...

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