UK - Bank of Ireland Asset Management UK has won eight mandates totalling more than £650m in the first half of 2003.
These include global equity, global equity ex-UK and European equity ex-UK mandates. Four of the mandates – totalling £500m – have been awarded in the last three months. They include a £210m global equity mandate for The Northern Ireland Local Government Officers’ Superannuation Committee.
The eight new clients come from a range of sectors including three local authorities, two industry associations and two industrial groups. They include The Law Society, British Sugar, the Plumbing Industry Scheme, St James’s Place and Lincolnshire County Council.
In addition to these new clients, BIAM has also taken on £60m of additional funding from existing clients over the last two quarters.
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
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