Capita buys AIB financial services arm for €33m

CAPITA Group is to buy the international financial services business of Allied Irish Bank,AIBIFS, for €33 million.

The sale of the Dublin headquartered AIBIFS is part of a planned sell-off of non-core assets by AIB, which has resulted in the sale of subsidiaries, such as Goodbody Stockbrokers, to Kerry’s FEXCO.

AIBIFS provides outsourced services, including corporate administration, treasury management, securitisation and middle and back office services to financial institutions and corporate clients.