IBI adviser completes buyout from BoI

The well-known adviser on corporate dealmaking, IBI Corporate Finance has confirmed its top managers have completed a buyout from Bank of Ireland. 

Chief executive Tom Godfrey and managing director Ted Webb have led the buyout from Bank of Ireland, but have not disclosed the official terms.

Bank of Ireland said, however, it will maintain close links with the advisory firm. As an independent company, IBI may have more room to expand and hire senior staff without the pay ceiling constraints facing banks after the financial crisis.