Irish Life owner launches wealth management business to challenge Davy and Goodbody

Unio, a new wealth management business, brings together existing brands Invesco, Acumen & Trust and APT into a single entity that manages €14bn in assets

Miċeál Gunning, head of private clients and Des McGarry, chief executive of Unio, which manages €14 billion in assets. Photo: Chris Bellew/Fennell Photography

Great-West Lifeco, the owner of Irish Life, is spinning three of its Irish brands out into a new wealth management business called Unio, which will manage €14 billion in assets.

The new business brings together Invesco, Acumen & Trust and APT, which have been acquired by Irish Life over recent years, into a single entity.

Unio, which remains part of the Irish Life group, manages €14 billion in assets on behalf of personal and corporate ...