Hibernian Investment Managers (HIM) Irish office is to retain key investment activities despite loosing the management of international equities to London. Hibernian is one of Ireland’s largest asset managers with control of almost seven billion euro worth of assets.
Following a strategic review of its fund management business by parent company, Aviva, the Dublin office will now concentrate on activities such as asset allocation, fund management of bond portfolios, Irish equities and marketing and client servicing. The management of international equities and it’s back office operations will move to Aviva’s London based branch, Morley Fund Management.
While retaining 58 staff, HIM is in discussions with the Amicus - MSF trade union about job losses at the Dublin office. The company intends to redeploy, offer voluntary redunancy or early retirement to staff. The current chief investment officer, Martin Nolan has replaced Tony Joyce as managing director, pending ratification by IFSRA. |
