UK - KBC Asset Management is to become the sole distributor of Northern Trust's European manager-of-managers business in Ireland.
Experts estimate that inflows into multi-manager products within the Irish marketplace will be in excess of e1bn by 2007.
Head of Northern Trust’s European MoM business, Tony Earnshaw, said:
“This deal is in line with our strategy of partnering high quality third parties in order to build and distribute our MoM products and solutions to investors.”
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