€10 billion milestone for Bank of Ireland Asset Management’s indexation business
21 February 2008 – Bank of Ireland Asset Management (BIAM) today announced that its indexation business in Ireland now manages in excess of €10 billion on behalf of Irish institutional investors. This business was established in 2001 and is carried out in conjunction with State Street Global Advisors (SSgA), the investment management arm of State Street Corporation, the largest institutional fund manager in the world.
“The growth in indexation reflects the increasing demand for low-risk, cost effective access to investment markets. From indexed equity funds to real estate, commodities and emerging markets – we can provide world-class indexed solutions. There is a continuing demand for flexible, cost-effective investment solutions and the combination of SSgA’s global scale and ability to innovate, plus our distribution and servicing capability will ensure that our indexation offering continues to be a compelling one for clients,” said Ken Casey, Head of Index Investing at BIAM.
Kanesh Lakhani, Managing Director of SSgA UK, commented: “We are delighted to congratulate BIAM on achieving this €10 billion milestone. We pride ourselves on providing bespoke solutions in a flexible and efficient manner and we look forward to helping BIAM attract the next €10 billion in the not too distant future.”
For information contact:
Media Relations Manager,
Group Corporate Communications
Tel: 00 353 1 604 3836 or 00 353 87 246 0358