Bank of Ireland has abandoned its search for a strategic partner for its asset management arm and is scaling back the division’s international operations, the bank said yesterday.

BANK of Ireland is reportedly in talks with a number of international fund managers with a view to entering a strategic partnership that could boost its Bank of Ireland Asset Management division. The move is thought to be an early sign of the business, or at least part of it, being sold off.

Bank of Ireland Asset Management said today that its indexation business in Ireland now manages in excess of €10bn on behalf of Irish institutional investors.

Bank of Ireland Asset Management completed the purchase of a prime fully-let office investment in the centre of Amsterdam for about €50 million.

BANK of Ireland Asset Management (BIAM) has made three new appointments.

Bank of Ireland today announced a new investment business structure with the appointment of three new managing directors at Bank of Ireland Asset Management (BIAM).

The average Irish Pension Managed Fund was down 4.3% in May, according to the latest figures released by Mercer Investment Consulting today.

BANK OF IRELAND’S asset management arm has suffered a €16 billion meltdown as key North American clients stripped it of business on the back of a poor investment performance.

PENSION fund managers had a strong third quarter with the average fund growing by 5.6%, according to industry figures published yesterday.

BANK OF IRELAND Asset Management has appointed three senior executives as part of the rebuilding of the fund manager following the defection of top bosses last year.

BANK OF IRELAND’S asset management arm has lost almost 60% of its crucial North American business in just 12 months, new figures show.

David Clerkin

BANK OF IRELAND Asset Management has named Olivier Santamaria as managing director of Bank of Ireland Asset Management (UK).

THE plunge in Elan’s share price has wiped €400 million off the value of Irish pension funds in the first quarter.

Bank of Ireland Asset Management today announced two further senior appointments to its investment team.

THE outlook for equities is positive for 2005, according to Bank of Ireland Asset Management (BIAM), the bank’s troubled investment management business.

IRISH pension funds are still under pressure to make up the losses of earlier years.

Paul Boyne, managing director with Morgan Stanley Investment Management in London, is joining Bank of Ireland Asset Management as a director.

BRISTOL & WEST (B&W), the underperforming former building society taken over by Bank of Ireland in 1997, is in the firing line after chief executive Brian Goggin pledged a crackdown on costs yesterday.

Bank of Ireland has announced that profits before tax were up 6% from €670m in the six months to the end of September last year to €713m this year.

BANK of IRELAND Asset Management has lost a key client since four of its top executives were poached last month.

FOUR of Bank of Ireland’s top asset management employees have jumped ship to share a €16 million windfall with an Australian-owned rival.

Bank of Ireland Asset Management (BIAM) announced a number of changes to its asset management team.

Bank of Ireland Life (which incorporates New Ireland Assurance), Ireland's leading retail life and pensions provider, today announced results for the half-year to 30 June, 2004.

New Ireland Assurance has won two of the four fund categories in this year's MoneyMate Investment Awards.

BANK of Ireland Life, the retail life and pensions provider, boosted sales in 2002 by 17%.

PENSION funds got hammered last year with the average fall estimated at almost 20%.