After acquisition, AIBIM will be renamed Prescient Investment Managers (Ireland) Limited and will be a Dublin-based investment manager within the Prescient Group.
Prescient’s Ireland business will continue to be managed by AIBIM’s existing team, which manages assets of EUR8.5 billion for a wide variety of clients.
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Herman Steyn, Prescient’s executive chairman, said that this is a crucial step towards building a global business.
"We have been looking to expand our investment management capability and view this acquisition as a significant part in our development," Steyn added.
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